Form 4: Townsquare Media Director Gary D. Way Receives Restricted Stock Grant

Director Gary D. Way of Townsquare Media, Inc. was granted 14,301 shares of restricted stock on January 2, 2025, which will vest on the first anniversary of the grant.

Summary

• Gary D. Way, a director at Townsquare Media, Inc., received a grant of 14,301 shares of Class A Common Stock.
• The grant was awarded as compensation for his services on the company's Board of Directors.
• The restricted stock will vest 100% on January 2, 2026, the first anniversary of the grant date.
• Following this transaction, Mr. Way beneficially owns 26,682 shares of Townsquare Media stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of a director receiving a stock grant, which is generally positive for aligning interests but not a major market-moving event.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The restricted stock will vest on January 2, 2026, which is the first anniversary of the grant date.

Industry Context

This type of equity grant is a common practice for compensating board members in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Restricted stock grants are a standard form of compensation for directors in publicly traded companies.
• The vesting period of one year is also a common practice to ensure long-term alignment.
• Companies like iHeartMedia and Cumulus Media also use similar equity-based compensation for their board members.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Key Dates

Keywords

restricted stock, director compensation, insider trading, beneficial ownership, Townsquare Media, TSQ, equity grant