Form 4: Cumulus Media Executive Collin R. Jones Reports Stock Transactions
SEC Form 4 Filing
Collin R. Jones, an executive at Cumulus Media, reported the acquisition and disposal of Class A Common Stock due to vesting of performance-based restricted stock units.
Summary
- On February 21, 2025, Collin R. Jones, Executive Vice President at Cumulus Media Inc., reported transactions involving Class A Common Stock.
- Jones acquired 4,026 shares of Class A Common Stock at $0, representing vested performance-based restricted stock units.
- He also disposed of 3,933 shares to cover tax withholding obligations related to the vesting of these units, also at $0.
- Following these transactions, Jones directly owns 162,100 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously awarded stock units and the associated tax implications for a Cumulus Media executive.
Key Dates
| Date | Description |
|---|---|
| 02/05/2021 | Date of award of 519 vested performance-based restricted stock units. |
| 02/03/2022 | Date of award of 1,285 vested performance-based restricted stock units. |
| 03/03/2023 | Date of award of 706 vested performance-based restricted stock units. |
| 02/17/2024 | Date of award of 1,516 vested performance-based restricted stock units. |
| 02/21/2025 | Date of stock acquisition and disposal due to vesting and tax obligations. |
| 02/25/2025 | Date of signature of the Form 4 filing. |
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