Form 4: Townsquare Media Executive Reports Stock Award and Tax Withholding

Robert L. Worshek, SVP and Chief Accounting Officer of Townsquare Media, reports the acquisition of stock awards and shares withheld for tax obligations.

Summary

• Robert L. Worshek, SVP, Chief Accounting Officer of Townsquare Media, Inc., filed a Form 4 on April 03, 2025.
• The filing reports a transaction date of March 31, 2025.
• Worshek acquired 3,245 shares of Class A Common Stock as a stock award that vests immediately.
• 1,017 shares were disposed of to satisfy tax withholding requirements at a price of $8.09 per share.
• Following the reported transactions, Worshek beneficially owns 54,924 shares of Class A Common Stock.
• This total includes 2,228 shares not subject to vesting or transfer restrictions and 52,696 options to purchase Class A common stock that are fully vested.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects routine transactions related to executive compensation.

Positives

• The acquisition of stock awards indicates confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they relate to executive compensation and tax obligations.

Key Dates

Keywords

Form 4, Townsquare Media, TSQ, Stock Award, Beneficial Ownership, Robert L. Worshek, Tax Withholding, Class A Common Stock