4//SEC Filing
FIELD DAVID J 4
Accession 0001062993-22-012117
CIK 0001067837other
Filed
May 10, 8:00 PM ET
Accepted
May 11, 5:25 PM ET
Size
9.8 KB
Accession
0001062993-22-012117
Insider Transaction Report
Form 4
AUDACY, INC.AUD
FIELD DAVID J
DirectorPresident and CEO10% Owner
Transactions
- Award
Class A Common Stock, par value $0.01 per share
2022-05-10+75,000→ 2,158,246 total - Award
Class A Common Stock, par value $0.01 per share
2022-05-10+750,000→ 3,158,246 total - Award
Class A Common Stock, par value $0.01 per share
2022-05-10+250,000→ 2,408,246 total
Holdings
- 1,721,672(indirect: By Trust)
Class A Common Stock, par value $0.01 per share
Footnotes (3)
- [F1]These shares represent restricted stock units subject to time-based vesting, as described in the grant instrument. While this grant was approved by the Issuer on December 1, 2021 (in connection with the Issuer's 2021 annual equity grant program), such grant was subject to the Issuer's shareholders approving a new equity compensation plan at the 2022 annual meeting of shareholders, which occurred on May 10, 2022.
- [F2]These shares represent restricted stock units subject to time-based vesting as described in the Reporting Person's Employment Agreement dated December 14, 2021 (which was filed as Exhibit 10.4 to the Issuer's Annual Report on Form 10K on March 1, 2022). This grant was subject to the Issuer's shareholders approving a new equity compensation plan at the 2022 annual meeting of shareholders, which occurred on May 10, 2022.
- [F3]These shares represent restricted stock units subject to performance based vesting as described in the Reporting Person's Employment Agreement dated December 14, 2021 (which was filed as Exhibit 10.4 to the Issuer's Annual Report on Form 10K on March 1, 2022). The vesting requirements are a function of the Issuer's share price reaching thresholds of $6.00 per share (for 1/3rd of these shares), $9.00 per share (for 1/3rd of these shares) and $12.00 per share (for the remaining 1/3rd of these shares), as was summarized by the Issuer in a Form 8K filed on December 17, 2021. This grant was subject to the Issuer's shareholders approving a new equity compensation plan at the 2022 annual meeting of shareholders, which occurred on May 10, 2022.
Issuer
AUDACY, INC.
CIK 0001067837
Entity typeother
Related Parties
1- filerCIK 0001106858
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 5:25 PM ET
- Size
- 9.8 KB