Tag: Restricted Class A Common Stock

Salem Media Group announces that Edward G. Atsinger III, co-founder and executive chairman of the company, is agreeing to receive the remaining portion of his 2025 compensation in the form of Restricted Class A Common Stock rather than cash. The company says this decision reflects Atsinger’s continued commitment to the long-term success and stability of the company. Atsinger’s stock award totals 218,067 shares, represents the cash compensation amount due totaling $168,500. Additionally, in January 2025, Atsinger was granted 400,000 Restricted Class A Common Stock in the Company, 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 Atsinger’s decades of leadership and enduring contributions, the board waived the forfeiture provision to allow his Stock Compensation and Stock Bonus to remain in effect after December 31, 2025. The existing time and performance-based vesting schedule for the Stock Bonus will remain unchanged.