Thomas Rutledge, Director Emeritus at Charter Communications (NASDAQ:CHTR), sold 87,833 shares of Class A Common Stock on May 26 and 27, 2026. Total proceeds were approximately $12,732,783, with weighted average prices ranging from $144.4493 to $146.964 per share.
Charter's stock trades near $147, down 64% over the past year. According to Bond.az analysis, the company appears undervalued at current levels, trading at a low earnings multiple of 3.95.
On May 26, Rutledge sold 69,633 shares directly at a weighted average of $144.4493 (range $144.20-$145.04). He now holds 3,968 shares directly.
Two additional sales on May 27 involved 9,100 shares each. One block sold at $146.964 average (range $146.89-$147.145) held in trust for A Alonso. The second sold at $146.9201 average held in trust for TP Rutledge. No shares remain in either trust.
In other news, Charter entered a new employment agreement with Jamal Haughton, EVP, General Counsel, effective until May 2028. He will receive at least $825,000 base salary, 160% target bonus, and equity awards starting at $4 million annually from 2027.
Charter also joined eight other U.S. communication companies to form the C2 ISAC cybersecurity initiative.
