Cable One grants inducement equity awards to its newly appointed Chief Executive Officer in connection with leadership transition.
Cable One, Inc today announced that it has granted a significant package of equity awards to James A. Holanda in connection with his appointment as Chief Executive Officer. The awards were approved as a material inducement to Mr. Holanda’s acceptance of employment with the Company and were authorized by the Company’s Board of Directors and its Compensation and Talent Management Committee. The grants were made in reliance on the employment inducement exemption under Rule 303A.08 of the New York Stock Exchange Listed Company Manual, and the Company is issuing this press release in accordance with the requirements of that rule.
The inducement awards are designed to align Mr. Holanda’s interests closely with those of Cable One’s shareholders and to reinforce a long-term, performance-driven leadership approach as the Company enters its next phase of strategic growth. The awards consist of a one-time grant of time-based restricted stock units (RSUs) and performance-based restricted stock units (PSUs), with an aggregate grant date value of approximately $10 million. Of this total value, 60% will be delivered in the form of PSUs and 40% in the form of RSUs.
The structure of the awards reflects Cable One’s strong emphasis on pay-for-performance principles. The time-based RSUs will vest over a specified service period, subject to Mr. Holanda’s continued employment with the Company, thereby encouraging long-term retention and leadership continuity. The performance-based RSUs, which make up the majority of the award value, will vest only upon the achievement of pre-established performance goals tied to key financial and operational metrics. This performance-oriented design underscores the Company’s commitment to driving sustainable shareholder value and operational excellence.
The Hire-On Awards will have substantially the same vesting terms and conditions as equity awards granted to other senior executives during the Company’s 2026 annual grant cycle. This consistency ensures alignment across the executive leadership team and reinforces a unified focus on long-term objectives. The maximum aggregate number of shares of Cable One common stock subject to the Hire-On Awards will not exceed 169,000 shares, reflecting a balance between competitive executive compensation and prudent share utilization.
Cable One’s decision to provide a significant portion of the inducement award in PSUs demonstrates confidence in the Company’s strategic roadmap and its ability to deliver measurable results. By tying a majority of the award value to performance metrics, the Board aims to reinforce accountability at the highest levels of leadership and to ensure that executive compensation is directly linked to shareholder outcomes.
The Compensation and Talent Management Committee conducted a comprehensive review before approving the awards. In doing so, the Committee considered market practices, competitive benchmarks within the broadband and communications industry, and the need to attract a highly experienced executive capable of guiding Cable One through a rapidly evolving competitive and technological landscape. The inducement structure is consistent with market standards for CEO-level hires in publicly traded companies and is designed to position Cable One competitively in attracting and retaining top-tier leadership talent.
As Chief Executive Officer, Mr. Holanda will lead the Company’s strategic initiatives, operational performance, and long-term growth plans. Cable One operates in a dynamic and competitive broadband communications environment, where technological innovation, customer expectations, and regulatory considerations continue to evolve. The Board believes that Mr. Holanda’s leadership will play a critical role in strengthening the Company’s market position, advancing its digital transformation initiatives, and delivering sustained value to shareholders and customers alike.
About Cable One
Cable One, Inc. (NYSE: CABO) is a leading broadband communications provider serving more than one million residential and business customers across 24 states. Through its trusted consumer brand Sparklight®, the Company delivers high-speed internet, video, and voice services that help communities stay connected and thrive in a digital-first world.
Cable One’s robust network infrastructure and ongoing investment in advanced technologies position it to meet the growing demand for reliable, high-performance connectivity. The Company’s services support essential aspects of modern life, including remote work, online education, digital healthcare, e-commerce, and entertainment. By continuously enhancing network capacity, speed, and reliability, Cable One aims to provide customers with a seamless connectivity experience.
Beyond connectivity, Cable One is committed to bridging the digital divide and fostering economic development in the communities it serves. The Company works to expand broadband access, improve digital literacy, and support community initiatives that promote inclusion and opportunity. Its focus on innovation, reliability, and customer experience remains central to its mission.
Cable One’s leadership team is dedicated to operational excellence and long-term value creation. With the appointment of Mr. Holanda as Chief Executive Officer and the issuance of inducement equity awards aligned with shareholder interests, the Company reinforces its commitment to disciplined growth, performance accountability, and sustained success in an increasingly connected world.
