Form 4: Townsquare Media Director David Lebow Receives Restricted Stock Grant

Director David Lebow of Townsquare Media, Inc. was granted 14,301 shares of Class A common stock on January 2, 2025, at a price of $9.09 per share.

Summary

• On January 2, 2025, David Lebow, a director of Townsquare Media, Inc., received a grant of 14,301 shares of Class A common stock.
• The grant was priced at $9.09 per share.
• These shares are restricted and will vest on the first anniversary of the grant date.
• Following this transaction, Lebow beneficially owns 105,890 shares of Class A common stock, which includes 69,208 unrestricted shares and 10,000 fully vested options.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and insider alignment with company performance.

Positives

• The grant of restricted stock aligns the director's interests with the long-term performance of the company.
• Lebow's increased stake in the company demonstrates his continued commitment.

Industry Context

Grants of restricted stock are a common form of compensation for directors and executives, aligning their interests with those of shareholders.

Stakeholder Impact

• The grant of restricted stock could have a slightly positive impact on shareholder sentiment as it aligns the director's interests with the company's performance.

Key Dates