Form 4: Townsquare Media Executive Scott Schatz Reports Acquisition of Class A Common Stock Through Dividend Reinvestment

Scott Schatz, EVP of Finance Op and Tech at Townsquare Media, reports acquiring 503 shares of Class A common stock through a dividend reinvestment at $9.02 per share.

Summary

• On February 3, 2025, Scott Schatz, EVP of Finance Op and Tech at Townsquare Media, acquired 503 shares of Class A common stock.
• The acquisition was a result of a dividend reinvestment transaction at a price of $9.02 per share.
• Following the transaction, Schatz directly owns 30,534 shares of Class A common stock.
• Schatz also directly owns 218,833 shares of Class B common stock, including 21,846 unrestricted shares and options to purchase 196,987 fully vested shares.
• The report was filed on February 4, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to a dividend reinvestment, which is generally a positive sign but not a major event.

Positives

• The dividend reinvestment indicates confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of regulatory compliance for company insiders and provide transparency into their transactions in the company's stock. This filing indicates an executive's continued investment in the company.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it's a routine insider transaction.

Key Dates

Keywords

Form 4, Townsquare Media, Scott Schatz, Dividend Reinvestment, Class A Common Stock, Class B Common Stock, Beneficial Ownership, EVP Finance