Form 4: Cumulus Media CEO Mary Berner Reports Stock Transactions
SEC Form 4 Filing
Mary Berner, President & CEO of Cumulus Media Inc., reports acquisition and disposal of Class A Common Stock related to vesting of performance-based restricted stock units.
Summary
- On February 21, 2025, Mary Berner, the President & CEO of Cumulus Media Inc., reported transactions involving Class A Common Stock.
- She acquired 31,123 shares of Class A Common Stock at $0, representing vested performance-based restricted stock units.
- Additionally, she disposed of 38,507 shares of Class A Common Stock at $0 to cover tax withholding obligations related to the vesting of these units.
- Following these transactions, Berner directly owns 1,045,453 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's confidence in the company's prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal as it relates to standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/05/2021 | Date of award of 3,059 vested performance-based restricted stock units. |
| 02/03/2022 | Date of award of 6,777 vested performance-based restricted stock units. |
| 03/03/2023 | Date of award of 6,739 vested performance-based restricted stock units. |
| 02/17/2024 | Date of award of 14,548 vested performance-based restricted stock units. |
| 02/21/2025 | Date of stock acquisition and disposal transactions. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.