Cumulus Media Inc.'s EVP & Co-COO was just granted 690,000 options

John G Pinch, Cumulus Media Inc.'s EVP & Co-COO, just received 690,000 options from the company. The strike price of the options received was $5.92, and these expire on October 30, 2023. Pinch now owns at least 690,000 options on the company.

Some additional info was provided as follows:

The option vests on each of the first four anniversaries of the date of grant, with 30% of the award vesting on each of the first two anniversaries thereof, and 20% of the award vesting on each of the next two anniversaries thereof.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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