Salem Media Group Announces the Issuance of SALM Stock to Co-Founder and Executive Chairman, Edward G. Atsinger III, in Lieu of Cash, and the Removal of Stock Forfeiture Provision for Prev...
SALEM MEDIA GROUP INC A (SALM)
Last salem media group inc a earnings: 11/12 03:00 pm
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Source: Yahoo! Finance
Atsinger III, Co-Founder and Executive Chairman of the Company, has agreed to receive the remaining portion of his 2025 compensation in the form of Restricted Class A Common Stock rather than cash. This decision reflects Mr. Atsinger's continued commitment to the long-term success and stability of the Company. The stock award, totaling 218,067 shares (“Stock Compensation”), represents the cash compensation amount due for the period between September 21, 2025, and December 31, 2025, totaling $168,500. The Stock Compensation will vest twelve (12) months from the grant date and will not be subject to any other vesting restrictions. Additionally, in January 2025, Mr. Atsinger was granted 400,000 Restricted Class A Common Stock in the Company (“Stock Bonus”), pursuant to a Grant Memo dated January 17, 2025. Under the Company's Stock Incentive Plan, unvested shares typically terminate upon an employee's separation. However, in acknowledgment of Mr. Atsinger's decades of leadership and e
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- Salem Media Group Announces the Issuance of SALM Stock to Co-Founder and Executive Chairman, Edward G. Atsinger III, in Lieu of Cash, and the Removal of Stock Forfeiture Provision for Previous Restricted Stock GrantsGlobeNewswire