Cumulus Media (CMLS) CEO Berner received 59,542 shares
Insider transactions reported
Mary G. Berner (President & CEO at Cumulus Media Inc., CMLS) reported that they received 59,542 shares, and gave up 32,604 shares to cover taxes or an exercise price on Feb 26, 2024. After these transactions the filing shows 1,052,837 shares held directly.
- Reporting person
- Berner Mary G.
- Role
- President & CEO
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Feb 26, 2024 | Grant or award (A) | Class A Common Stock, par value $0.0000001 per share1 | +59,542 | - | - | 1,085,441 direct |
| Feb 26, 2024 | Shares withheld for taxes or exercise price (F) | Class A Common Stock, par value $0.0000001 per share2 | -32,604 | - | - | 1,052,837 direct |
Holdings before and after
- Class A Common Stock, par value $0.0000001 per share: 1,025,899 to 1,052,837 direct
Footnotes from the filing
- 1. This amount represents 8,437 vested performance-based restricted stock units awarded on February 13, 2020, 9,487 vested performance-based restricted stock units awarded on February 5, 2021, 20,726 vested performance-based restricted stock units awarded on February 3, 2022, and 20,892 vested performance-based restricted stock units awarded on March 3, 2023.
- 2. Shares withheld to cover the tax withholding obligation due to the vesting of performance-based restricted stock units.
Transaction codes in this filing
- Grant or award:
- Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.
- Shares withheld for taxes or exercise price:
- Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.
FAQ
What did Berner report in this CMLS Form 4?
Mary G. Berner (President & CEO at Cumulus Media Inc., CMLS) reported that they received 59,542 shares, and gave up 32,604 shares to cover taxes or an exercise price on Feb 26, 2024. After these transactions the filing shows 1,052,837 shares held directly.
How many CMLS shares does Berner hold after this filing?
The filing shows 1,052,837 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code A mean on an SEC Form 4?
Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.
Historical context for CMLS
Earlier insider filings at CMLS
- Feb 28, 2024Jones Collin R. was granted 8,153 shares and covered exercise/tax liability with 3,700 shares, increasing direct ownership by 3% to 162,007 units (SEC Form 4)
- Feb 28, 2024Lopez-Balboa Francisco J was granted 30,843 shares and covered exercise/tax liability with 13,619 shares, increasing direct ownership by 4% to 489,129 units (SEC Form 4)
- Feb 28, 2024Denning Richard was granted 8,157 shares and covered exercise/tax liability with 2,646 shares, increasing direct ownership by 3% to 179,344 units (SEC Form 4)
- Feb 21, 2024Jones Collin R. was granted 56,985 shares, increasing direct ownership by 57% to 157,554 units (SEC Form 4)
- Feb 21, 2024Walker Robert J was granted 59,463 shares, increasing direct ownership by 45% to 191,080 units (SEC Form 4)
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Broadcasting
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