Mary G. Berner - Feb 17, 2022 Form 4 Insider Report for CUMULUS MEDIA INC (CMLS)

Role
President & CEO, Director
Signature
/s/ Richard S. Denning, Attorney-In-Fact
Stock symbol
CMLS
Transactions as of
Feb 17, 2022
Transactions value $
$0
Form type
4
Date filed
2/24/2022, 07:50 AM
Previous filing
Feb 10, 2022
Next filing
Feb 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMLS Class A Common Stock, par value $0.0000001 per share Award $0 +30.9K +6.59% $0.00 500K Feb 17, 2022 Direct F1
transaction CMLS Class A Common Stock, par value $0.0000001 per share Tax liability $0 -17.1K -3.42% $0.00 483K Feb 17, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amount represents 7,000 vested performance-based restricted stock units awarded on February 1, 2019, 11,250 vested performance-based restricted stock units awarded on February 13, 2020 and 12,650 vested performance-based restricted stock units awarded on February 5, 2021.
F2 Shares withheld to cover the tax withholding obligation due to the vesting of performance-based restricted stock units.