WideOpenWest Form 4: Directors Assigned 12,426 Retainer Shares
Rhea-AI Filing Summary
WideOpenWest, Inc. reported on Form 4 that several Crestview-related reporting persons received a collective 12,426 shares of Common Stock on 10/01/2025 as director retainer shares elected in lieu of cash. After the transaction, the reporting group beneficially owned 31,856,414 shares in the aggregate, held indirectly through Crestview entities and related funds. The filing lists the transfers of retainer shares granted to directors Barry S. Volpert, Daniel G. Kilpatrick and Brian P. Cassidy and states those individuals assigned their rights to Crestview Advisors, L.L.C. The Form 4 is a joint filing by multiple Crestview entities and includes an exhibit with a joint filer statement.
Positive
- 12,426 retainer shares were disclosed, showing transparent director compensation reporting
- Joint filing includes an executed exhibit, indicating compliance with Section 16 reporting requirements
Negative
- Concentrated indirect ownership of 31,856,414 shares could signify significant voting control by Crestview entities
Insights
Crestview maintains large indirect ownership and directors received retainer shares.
31,856,414 aggregate beneficial shares indicate a concentrated ownership block held indirectly by the Crestview funds, with voting and dispositive power exercised by Crestview Partners III GP, L.P.'s investment committee and chair.
The 12,426 retainer shares were issued to three directors and assigned to Crestview Advisors, L.L.C., showing directors elected equity compensation and immediately assigned economic rights to an affiliated advisor; this is a disclosed related‑party allocation, not an open-market trade.
The Form 4 discloses timely Section 16 reporting of director retainer share grants.
The Form 4 lists the 10/01/2025 transaction date, joint filing status, and includes a signed joint filer statement, satisfying Section 16 reporting formalities for the reported non-derivative equity transfers.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,426 | $5.16 | $64K |
Footnotes (1)
- Reflects (i) 3,633 shares of Common Stock of the Issuer ("Common Stock") granted to Barry S. Volpert, (ii) 4,796 shares of Common Stock granted to Daniel G. Kilpatrick and (iii) 3,997 shares of Common Stock granted to Brian P. Cassidy, in each case under the Issuer's 2017 Omnibus Incentive Plan (as amended, the "Plan") and at the election of each such individual in lieu of all or a portion of the cash retainer fees payable to such individual for service as a director on the board of directors of the Issuer ("Board") during the Issuer's 2024 fiscal year (collectively, the "Retainer Shares"). Each of Messrs. Volpert, Kilpatrick and Cassidy has assigned all rights, title and interest in the Retainer Shares granted to him to Crestview Advisors, L.L.C. Includes (i) shares of Common Stock in the aggregate beneficially owned by Crestview W1 Holdings, L.P., Crestview W1 TE Holdings, LLC and Crestview W1 Co-Investors, LLC (collectively, the "Crestview Funds"), (ii) (a) 80,232 outstanding restricted shares of Common Stock and (b) 12,426 Retainer Shares, in each case granted under the Plan to each of Messrs. Volpert, Kilpatrick and Cassidy, in the aggregate (each of Messrs. Volpert, Kilpatrick and Cassidy has assigned all rights, title and interest in the restricted shares of Common Stock and Retainer Shares granted to them to Crestview Advisors, L.L.C.) and (iii) 525,838 shares of Common Stock held by Crestview Advisors, L.L.C. delivered pursuant to awards of restricted Common Stock and Retainer Shares previously granted under the Plan to each of Messrs. Volpert, Kilpatrick, Cassidy and Jeffrey A. Marcus, as applicable, for which the applicable restrictions have previously lapsed. Crestview Partners III GP, L.P. may be deemed to have beneficial ownership of the shares of Common Stock held by the Crestview Funds. Crestview Partners III GP, L.P. exercises voting and dispositive power over the shares of Common Stock held by the Crestview Funds, which decisions are made by the investment committee of Crestview Partners III GP, L.P. and the chairman of the investment committee. Each of Messrs. Volpert, Kilpatrick and Cassidy is a member of the Issuer's board of directors. Mr. Volpert is the Co-Founder, CEO and a Partner of Crestview, L.L.C. (which is the general partner of Crestview Partners III GP, L.P.) and Crestview Advisors, L.L.C. (which provides investment advisory and management services to the Crestview Funds), and serves as the chairman of the investment committee of Crestview Partners III GP, L.P. Messrs. Cassidy and Kilpatrick are each Partners of each of Crestview, L.L.C. and Crestview Advisors, L.L.C. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.