Howell Robin Robinson 4

What Happened Howell Robin Robinson, a director of Gray Media, Inc. (GTN), was granted two stock awards on 2026-02-12: 327,303 restricted shares (worth $3,980,004) and 327,303 performance‑based restricted shares (target value $3,980,004), both recorded at $12.16 per share. Combined, the awards total 654,606 shares with an aggregate target value of about $7.96 million. These were grants/awards (compensation), not open‑market purchases or sales.

Key Details

• Transaction date: 2026-02-12; Form 4 filed: 2026-02-17 (filed 5 days after the transaction).
• Grant 1: 327,303 restricted shares at $12.16/share — value $3,980,004. (Footnote F1)
• Grant 2: 327,303 performance‑based restricted shares at $12.16/share — target value $3,980,004. (Footnote F2)
• Total awarded: 654,606 shares; total target value ≈ $7,960,008.
• Shares owned after the transaction: not specified in the provided filing.
• Filing timeliness: The Form 4 was filed 5 days after the transaction date (appears late relative to the usual 2-business‑day reporting requirement for insiders).
• Footnote F3 in the filing references the reporting person’s or spouse’s current 401(k) Plan balance (not directly related to these awards).

Context

• The first award is restricted stock that vests ratably on 2/28/27, 2/29/28 and 2/28/29 (per F1). The second is performance‑based restricted stock that vests on 2/28/29 after a three‑year performance period (per F2). These awards typically are subject to vesting and performance conditions and are not the same as an immediate open‑market buy.
• Awards are a form of compensation and don’t necessarily indicate insider buying interest in open markets; they do increase potential future insider ownership if vesting conditions are met.