Power Eugene Allen 4
4 · SALEM MEDIA GROUP, INC. /DE/ · Filed Mar 22, 2023
Insider Transaction Report
Form 4
Power Eugene Allen
President Broadcast Media
Transactions
- Award
Stock Options (Right to buy)
2023-03-14+20,000→ 20,000 totalExercise: $1.06→ Class A Common Stock (20,000 underlying)
Footnotes (2)
- [F1]The option was granted under the Issuer's Amended and Restated 1999 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The option shall vest as follows: 5,000 shares shall vest on March 15, 2024, 5,000 shares shall vest on March 15, 2025, 5,000 shares shall vest on March 15, 2026, and 5,000 shares shall vest on March 15, 2027.
- [F2]The options shall expire as follows: the first installment of 5,000 shares shall expire on March 15, 2029, the second installment of 5,000 shares shall expire on March 15, 2030, the third installment of 5,000 shares shall expire on March 15, 2031 and the last installment of 5,000 shares shall expire on March 15, 2032.