David J. Field - 10 May 2022 Form 4 Insider Report for AUDACY, INC.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
11 May 2022, 17:25:05 UTC
Prior SEC filing
04 Apr 2022
Next SEC filing
23 May 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
David J. Field by /s/ Andrew P. Sutor, IV, Authorized Signatory

Key filing fact

David J. Field filed Form 4 for AUDACY, INC. on 11 May 2022.

Key facts

  • This page summarizes David J. Field's Form 4 filing for AUDACY, INC..
  • 3 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 11 May 2022, 17:25.

Change

  • Previous filing in this sequence was filed on 04 Apr 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AUDA transaction

Class A Common Stock, par value $0.01 per share

Award

Transaction value
$0
Shares
+75,000
Change %
+3.6%
Price
$0.000000
Shares after
2,158,246
Date
10 May 2022
Ownership
Direct
Footnotes
F1
AUDA transaction

Class A Common Stock, par value $0.01 per share

Award

Transaction value
$0
Shares
+250,000
Change %
+12%
Price
$0.000000
Shares after
2,408,246
Date
10 May 2022
Ownership
Direct
Footnotes
F2
AUDA transaction

Class A Common Stock, par value $0.01 per share

Award

Transaction value
$0
Shares
+750,000
Change %
+31%
Price
$0.000000
Shares after
3,158,246
Date
10 May 2022
Ownership
Direct
Footnotes
F3
AUDA holding

Class A Common Stock, par value $0.01 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,721,672
Date
10 May 2022
Ownership
By Trust
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

These shares represent restricted stock units subject to time-based vesting, as described in the grant instrument. While this grant was approved by the Issuer on December 1, 2021 (in connection with the Issuer's 2021 annual equity grant program), such grant was subject to the Issuer's shareholders approving a new equity compensation plan at the 2022 annual meeting of shareholders, which occurred on May 10, 2022.

Footnote F2

These shares represent restricted stock units subject to time-based vesting as described in the Reporting Person's Employment Agreement dated December 14, 2021 (which was filed as Exhibit 10.4 to the Issuer's Annual Report on Form 10K on March 1, 2022). This grant was subject to the Issuer's shareholders approving a new equity compensation plan at the 2022 annual meeting of shareholders, which occurred on May 10, 2022.

Footnote F3

These shares represent restricted stock units subject to performance based vesting as described in the Reporting Person's Employment Agreement dated December 14, 2021 (which was filed as Exhibit 10.4 to the Issuer's Annual Report on Form 10K on March 1, 2022). The vesting requirements are a function of the Issuer's share price reaching thresholds of $6.00 per share (for 1/3rd of these shares), $9.00 per share (for 1/3rd of these shares) and $12.00 per share (for the remaining 1/3rd of these shares), as was summarized by the Issuer in a Form 8K filed on December 17, 2021. This grant was subject to the Issuer's shareholders approving a new equity compensation plan at the 2022 annual meeting of shareholders, which occurred on May 10, 2022.

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