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

On October 16, 2025, Salem Media Group, Inc. (OTCQX: SALM) disclosed that Edward G. Atsinger III, the Co-Founder and Executive Chairman, will receive part of his 2025 compensation in Restricted Class A Common Stock instead of cash. This move, showcasing Atsinger's commitment to the company's long-term growth, involves the issuance of 218,067 shares, which equates to $168,500 for the period spanning from September 21, 2025, to December 31, 2025. The shares will vest after twelve months from the grant date without any additional vesting conditions.

Furthermore, in January 2025, Atsinger was granted a substantial Stock Bonus of 400,000 Restricted Class A Common Stocks as part of the company's incentive plan. Normally, unvested shares would be forfeited upon an employee’s departure; however, recognizing Mr. Atsinger’s extensive leadership and significant contributions over the years, the Board has waived this forfeiture provision. As a result, both the Stock Compensation and the Stock Bonus will remain in effect beyond December 31, 2025, while the existing time and performance-based vesting schedule for the Stock Bonus will not change.

Salem Media Group operates as a leading multimedia entity focused on delivering Christian and conservative content across various platforms, including a national radio network and digital media, connecting with millions of listeners and readers every day. This strategic move reinforces the firm's dedication to aligning executive compensation with shareholder interests, while simultaneously maintaining the strength and continuity of leadership within the organization. For more information, visit Salem Media Group's website at salemmedia.com or contact them directly at Publicity@salemmedia.com.

Salem Media Group (OTCQX: SALM) has recently made significant moves in its corporate governance that indicate a strong commitment to long-term growth and shareholder engagement. The decision by Edward G. Atsinger III, Co-Founder and Executive Chairman, to accept his compensation in the form of Restricted Class A Common Stock rather than cash is a notable signal. This not only showcases Atsinger's confidence in the company’s future but also aligns his interests with those of shareholders, as he will benefit directly from any increase in stock value.

The issuance of 218,067 shares as Stock Compensation, which will vest over 12 months, can be seen as a positive development for investors. This move reflects a broader trend where executives are incentivized to prioritize long-term performance over short-term cash rewards. Investors should view this as a commitment to creating shareholder value, which could lead to increased market confidence and potentially upward pressure on the stock price.

Moreover, the Board’s decision to remove the stock forfeiture provision for Mr. Atsinger’s prior restricted stock grants is significant. By allowing his Stock Bonus and Stock Compensation to remain intact post-2025, the Board is recognizing his valuable contributions while simultaneously reassuring investors that leadership stability is a priority. Nevertheless, while the incentives align with long-term performance, the unchanged vesting schedules for the Stock Bonus suggest a continued commitment to accountability and performance metrics.

Overall, these developments could inspire investor confidence, potentially leading to an uplift in the stock's market perception. For interested investors, maintaining a position in SALM could be advisable, particularly if the stock is viewed as undervalued given the company's strong leadership and robust content strategy in the growing multimedia sector. However, as with any investment, due diligence is essential, and investors should monitor market conditions and company performance closely before making decisions.