WideOpenWest (WOW) merger pays $5.20 per share as officer exits equity
Rhea-AI Filing Summary
WideOpenWest, Inc. completed a merger in which each share of its common stock was converted into the right to receive $5.20 per share in cash, turning the company into an indirect wholly owned subsidiary of Bandit Parent, LP. The reporting person, who serves as Chief Customer Experience Officer, reported that performance-based restricted stock units granted in 2023, 2024 and 2025 were determined to be earned, resulting in an acquisition of 75,974 shares of common stock on 12/29/2025 at no cost. On 12/31/2025, a total of 288,032 shares of common stock were disposed of at $5.20 per share in connection with the merger, leaving the officer with no beneficially owned common stock. Restricted stock awards and PSUs were cancelled at the merger’s effective time and converted into cash rights based on the same $5.20 merger consideration, either payable shortly after closing or continuing as cash awards subject to vesting.
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Insights
Officer equity is cashed out at $5.20 per share in a going‑private merger.
The content describes how a merger converted all outstanding WideOpenWest common shares into cash at $5.20 per share, with the company becoming an indirect wholly owned subsidiary of Bandit Parent, LP. The reporting officer’s performance-based restricted stock units granted in 2023, 2024 and 2025 were certified as earned, adding 75,974 common shares on December 29, 2025 at no cost.
At the merger’s effective time on December 31, 2025, 288,032 common shares held by the officer were disposed of at $5.20 per share under the merger terms, reducing reported beneficial ownership to zero. The filing also explains that restricted stock awards and PSUs across the company were cancelled and converted into cash rights or cash-based awards using the same merger consideration, aligning employee equity treatment with the cash-out transaction.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 288,032 | $5.20 | $1.50M |
| Grant/Award | Common Stock | 75,974 | $0.00 | -- |
Footnotes (1)
- In connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of August 11, 2025 (the "Merger Agreement"), by and among WideOpenWest, Inc. (the "Issuer"), Bandit Parent, LP, a Delaware limited partnership ("Parent"), and Bandit Merger Sub, Inc., a Delaware corporation and an indirect wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer on December 31, 2025, with the Issuer continuing after the merger as a wholly owned indirect subsidiary of Parent (the effective time of such merger, the "Effective Time"). Pursuant to the Merger Agreement, on December 29, 2025, the Compensation Committee determined the performance-based restricted stock units ("PSUs") granted in 2023, 2024 and 2025 under the Company's equity incentive plan were earned in the amount set forth above. At the Effective Time, in accordance with the terms set forth in the Merger Agreement, each issued and outstanding share of common stock of the Company, par value $0.01 per share ("Company Common Stock") (except for shares directly owned by the Company as treasury stock or otherwise, or by Parent or Merger Sub immediately prior to the Effective Time, including any shares of Company Common Stock which were contributed to Parent by certain stockholders of the Company (the "Rollover Stockholders") in accordance with the voting, (continued on footnote 4). (continued from footnote 3) support and rollover agreement by and among the Rollover Stockholders, the Company and Parent, dated as of the date of the Merger Agreement (the "Support and Rollover Agreement," and such shares, the "Rollover Shares"), or by any holder who was entitled to demand appraisal and properly exercised such appraisal rights pursuant to Section 262 of the General Corporation Law of the State of Delaware, which, in each case, were treated as described in the Merger Agreement), was automatically converted into the right to receive $5.20 per share in cash, without interest (the "Merger Consideration"), subject to any required tax withholding. At the Effective Time, in accordance with the terms set forth in the Merger Agreement, each outstanding restricted stock award ("RSA") and PSU was cancelled and converted into either, as applicable, (i) the right to receive the Merger Consideration shortly after the Effective Time or (ii) a cash award based on the Merger Consideration subject to vesting in accordance with the underlying equity award's vesting terms.
