Santrella David P 4
4 · SALEM MEDIA GROUP, INC. /DE/ · Filed Jan 4, 2022
Insider Transaction Report
Form 4
Santrella David P
President - Radio Division
Transactions
- Award
Stock Options (Right to buy)
2022-01-02+50,000→ 50,000 totalExercise: $3.26→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]The option shall vest twenty-five percent (25%) on January 1, 2025, twenty-five percent (25%) on January 1, 2026, twenty-five percent (25%) on January 1, 2027, and twenty-five percent (25%) on January 1, 2028.
- [F2]The option expires on the fourth (4th) anniversary of each vesting date. The first installment to vest will expire on December 31, 2028 and the last installment to vest will expire on December 31, 2031.