WideOpenWest (WOW) CFO Form 4 details $5.20 cash merger payout
Rhea-AI Filing Summary
WideOpenWest, Inc. insider Form 4 details merger-related equity payout. The company’s Chief Financial Officer reported equity transactions tied to the closing of the merger with Bandit Parent, LP and Bandit Merger Sub, Inc. On 12/29/2025, performance-based restricted stock units granted in 2023, 2024 and 2025 were determined to be earned in the amount of 137,412 shares. At the merger’s Effective Time on 12/31/2025, each outstanding share of WideOpenWest common stock was automatically converted into the right to receive $5.20 per share in cash, and the insider’s 311,110 shares were disposed of at that price, leaving no common stock beneficially owned. All restricted stock awards and PSUs were cancelled and converted into cash rights based on the same merger consideration, either payable shortly after closing or subject to the original vesting terms.
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FAQ
What insider transaction did WOW’s Chief Financial Officer report on this Form 4?
The Chief Financial Officer of WideOpenWest, Inc. (WOW) reported merger-related equity activity, including 137,412 performance-based restricted stock units being earned and the disposition of 311,110 shares of common stock in connection with the closing of the merger with Bandit Parent, LP.
What cash consideration did WOW shareholders receive in the merger described in this Form 4?
At the Effective Time of the merger, each issued and outstanding share of WideOpenWest common stock (other than specified excluded and appraisal shares) was automatically converted into the right to receive $5.20 per share in cash, without interest and subject to any required tax withholding.
How many WOW shares did the reporting person dispose of in the merger transaction?
The reporting person disposed of 311,110 shares of WideOpenWest common stock on 12/31/2025 at a price of $5.20 per share, resulting in zero shares of common stock beneficially owned after the transaction.
What happened to WOW performance-based restricted stock units (PSUs) in this transaction?
On 12/29/2025, the Compensation Committee determined that performance-based restricted stock units granted in 2023, 2024 and 2025 were earned in the amount of 137,412 shares. At the merger’s Effective Time, each outstanding PSU was cancelled and converted into a right to receive cash based on the $5.20 merger consideration, either shortly after closing or subject to existing vesting terms.
How were WOW restricted stock awards (RSAs) and PSUs treated at the Effective Time of the merger?
At the Effective Time, each outstanding restricted stock award (RSA) and PSU was cancelled and converted into either (i) a right to receive the $5.20 per share merger consideration shortly after the Effective Time or (ii) a cash award based on the merger consideration that continues to vest according to the underlying award’s vesting schedule.
Did the reporting person have any WOW common stock beneficially owned after the merger transaction?
No. Following the disposition of 311,110 shares of common stock at $5.20 per share on 12/31/2025, the Form 4 reports that the amount of common stock beneficially owned by the reporting person was 0 shares, held directly.
What corporate transaction involving WOW is referenced in this Form 4 filing?
The Form 4 references the consummation of the transactions under the Agreement and Plan of Merger dated August 11, 2025 among WideOpenWest, Inc., Bandit Parent, LP, and Bandit Merger Sub, Inc., pursuant to which Merger Sub merged with and into WideOpenWest on December 31, 2025, with WideOpenWest becoming an indirect wholly owned subsidiary of Bandit Parent, LP.