UONEK Form 4: McNeill Receives 123,558 Class D Restricted Shares Vesting by 2027
Rhea-AI Filing Summary
Urban One director Brian W. McNeill received an award of 123,558 Class D restricted shares on 07/15/2025, granted under Rule 16b-3 and calculated by dividing a $75,000 award by the Class D closing price of $0.607 on that date. The restricted shares vest in two equal annual installments beginning July 15, 2026 and fully vest on July 15, 2027. After the grant, Mr. McNeill’s total beneficial ownership across all Urban One classes is reported as 455,114 shares. The filing notes a delay in submission due to credentialing errors requiring re-enrollment under the Form ID system.
Positive
- Director award granted: 123,558 Class D restricted shares representing a $75,000 grant.
- Clear vesting schedule: Two equal annual installments beginning July 15, 2026, fully vesting July 15, 2027.
- Disclosure of total holdings: Reporting person’s beneficial ownership across all classes disclosed as 455,114 shares.
Negative
- Filing delay noted: Submission was delayed due to credentialing errors requiring re-enrollment under the Form ID system.
Insights
TL;DR: Routine director equity grant aligning interests; vesting schedule spreads recognition over two years.
The filing documents a standard non-employee director compensation award: a $75,000 grant converted to Class D restricted stock (123,558 shares) that vests in two equal annual installments beginning July 15, 2026. This type of award is commonly used to align director incentives with shareholders. The report also discloses the director's total beneficial holdings of 455,114 shares across all classes. The filing delay due to Form ID credentialing is administrative and explicitly noted.
TL;DR: Disclosure shows an equity acquisition by a director and an administrative filing delay; no derivative transactions reported.
Table I records a non-derivative acquisition of Class D common stock on 07/15/2025 with an acquisition price listed as $0, consistent with a compensatory restricted stock grant. Table II contains no derivative activity. The explanation clarifies how the share count was calculated and that the director grant corresponds to non-employee director awards made July 15, 2025. The filer documents the credentialing-related delay in submission.