Updated at 5:25pm Eastern
With a big stock buyback underway and shares going ex-dividend this week, Townsquare Media is again one of the best performers when looking at publicly traded radio station owners. Investors are pleased, too, with shares $4 higher than they were at the end of October 2023.
Now, the company’s Local Media COO is taking advantage of that gain in stock price by cashing in several thousand shares.
At least, that’s what it looks like on paper. In reality, Erik Hellum is exercising stock options linked to Townsquare’s July 2014 Initial Public Offering.
