4/A: Urban One Director Amends Stock Transaction Filing, Reducing Shares Acquired

A director of Urban One, Inc. amended a previous filing to reflect a corrected stock grant, reducing the number of shares acquired.

Summary

• Brian W. McNeill, a director at Urban One, Inc., filed an amendment to a previous Form 4, correcting a stock grant transaction.
• The amendment reduces the number of Class D Common Stock shares acquired from 277,985 to 53,571.
• The shares were awarded as restricted stock, vesting in two equal annual installments starting July 5, 2025.
• The number of shares was determined by dividing $75,000 by the closing price of Urban One's Class D shares on July 5, 2024, which was $1.40.
• The total shares held by the reporting person across all classes of Urban One stock is 331,556.

Sentiment

Score: 7

Explanation: The document is a routine correction of a stock transaction filing, which is neither positive nor negative. The correction indicates good corporate governance.

Future Outlook

The restricted stock will vest in two equal annual installments beginning July 5, 2025.

Industry Context

This is a standard regulatory filing related to stock grants to company directors, which is common practice in publicly traded companies.

Comparison to Industry Standards

• Stock grants to directors are a common form of compensation in publicly traded companies.
• The vesting schedule of two equal annual installments is a typical structure for restricted stock awards.
• The use of the closing price on the grant date to determine the number of shares is standard practice.

Stakeholder Impact

• The correction of the stock grant ensures accurate reporting of director's holdings, which is important for shareholders.

Key Dates

Keywords

Urban One, stock grant, Form 4, amendment, director, restricted stock, beneficial ownership, Class D Common Stock