4/A: Urban One Director Terry L. Jones Receives Restricted Stock Award

Director Terry L. Jones received 53,571 shares of Urban One, Inc. Class D Common Stock as a restricted stock award on July 5, 2024.

Summary

• On July 5, 2024, Terry L. Jones, a director of Urban One, Inc., was granted 53,571 shares of Class D Common Stock.
• This was a restricted stock award, vesting in two annual installments starting July 5, 2025.
• The number of shares was calculated by dividing $75,000 by the closing price of Urban One's Class D shares on July 5, 2024, which was $1.40.
• Following this transaction, Jones beneficially owns a total of 372,819 shares across all classes (A, B, C, and D) of Urban One, Inc. stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of restricted stock is a common practice and generally viewed as a positive incentive for directors.

Positives

• The restricted stock award aligns the director's interests with those of the shareholders, incentivizing performance and long-term value creation.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Industry Context

Stock awards to directors are a common practice in publicly traded companies to align their interests with those of shareholders and incentivize long-term value creation. The size and vesting schedule of the award are typical considerations.

Comparison to Industry Standards

• Director compensation packages, including stock awards, vary significantly across the media industry depending on company size, performance, and governance practices.
• Comparing Urban One's director compensation to peers like Salem Media Group or Beasley Broadcast Group would provide a better understanding of whether this award is in line with industry standards.
• Factors such as company revenue, market capitalization, and profitability are key benchmarks when assessing the appropriateness of director compensation.

Stakeholder Impact

• Shareholders may view the stock award positively as it aligns the director's interests with the company's long-term success.
• The director benefits from the potential appreciation of the stock value over time.

Key Dates