Salem Media Group Announces the Issuance of SALM Stock to Co-Founder and Executive Chairman, Edward G. Atsinger III, in Lieu of Cash, and the Removal of Stock Forfeiture Provision for Previous Restricted Stock Grants

Core Points - Edward G. Atsinger III, Co-Founder and Executive Chairman of Salem Media Group, has opted to receive his remaining 2025 compensation in Restricted Class A Common Stock instead of cash, demonstrating his commitment to the company's long-term success [1] - The stock award consists of 218,067 shares, equating to a cash compensation amount of $168,500 for the period from September 21, 2025, to December 31, 2025, and will vest in twelve months without additional restrictions [2] - In January 2025, Mr. Atsinger was granted a Stock Bonus of 400,000 Restricted Class A Common Stock, with the Board waiving the forfeiture provision to allow both his Stock Compensation and Stock Bonus to remain effective after December 31, 2025 [3] Company Overview - Salem Media Group is a leading multimedia company in the United States, focusing on Christian and conservative content, reaching millions daily through its national radio network, digital platforms, and publishing brands [4]