Gignac Jeffrey R 4

What Happened

• Jeffrey R. Gignac, Executive Vice President and Chief Financial Officer of Gray Media, Inc. (GTN), was granted 238,147 restricted shares on February 12, 2026. The grant is reported at $4.64 per share for a total reported value of $1,105,002. This transaction is an equity award (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-12; Filing date: 2026-02-17 (filed 5 days after the transaction; this exceeds the standard two-business-day Form 4 filing window).
• Shares granted: 238,147; reported price/value: $4.64 per share; total reported value: $1,105,002.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: Grant of restricted stock vesting ratably on 2/28/27, 2/29/28, and 2/28/29 (three vesting dates over 2027–2029).
• Transaction code: A = Award/Grant of securities.

Context

• Restricted stock awards are subject to vesting conditions; the shares are not fully transferable or free to sell until they vest per the schedule above. Such grants are a common form of executive compensation to align management with long-term shareholder interests and are not an immediate buy or sell signal.