Atsinger to Take Salem 2025 Pay in Restricted Stock
| RADIO ONLINE | Thursday, October 16, 2025 | 5:23pm CT |
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 Edward G. Atsinger III |
Salem Media Group announced Thursday that Co-Founder and Executive Chairman Edward G. Atsinger III will receive the remainder of his 2025 compensation in the form of Restricted Class A Common Stock rather than cash. The stock award totals 218,067 shares, representing $168,500 in compensation for the period between September 21 and December 31, 2025. The shares will vest 12 months from the grant date and are not subject to additional vesting conditions.
The company said the move demonstrates Atsinger's ongoing commitment to Salem's long-term success and financial stability.
Earlier this year, in January 2025, Atsinger was granted an additional 400,000 restricted shares as part of a separate stock bonus. While unvested shares under the company's stock incentive plan typically terminate upon an employee's departure, Salem's Board of Directors has waived that forfeiture provision in recognition of Atsinger's decades of leadership.
The existing vesting schedule for the January stock bonus will remain unchanged.
