BEASLEY BROADCAST GROUP INC Stock Compensation Disclosure
On June 25, 2025, the Company's stockholders approved the adoption of the Beasley Broadcast Group, Inc. 2025 Equity Incentive Award Plan (the “2025 Plan”). The 2025 Plan, among other things, permits the Company to issue up to 300,000 shares of Class A common stock in the form of equity-based awards, including restricted stock units, shares of restricted stock and stock options, to employees, consultants and non-employee directors. The restricted stock units that will be granted under the 2025 Plan will generally vest over to five years of service.
The 2025 Plan replaced the Beasley Broadcast Group, Inc. 2007 Equity Incentive Plan, as amended and restated (the “2007 Plan”), and no further awards will be granted under the 2007 Plan. However, the terms and conditions of the 2007 Plan will continue to govern any outstanding awards granted thereunder.
A summary of restricted stock unit activity under the 2025 Plan is presented below:
|
|
Units |
|
|
Weighted-Average Grant-Date Fair Value |
|
||
Unvested as of June 25, 2025 |
|
|
— |
|
|
$ |
— |
|
Granted |
|
|
46,250 |
|
|
|
4.05 |
|
Unvested as of December 31, 2025 |
|
|
46,250 |
|
|
$ |
4.05 |
|
As of December 31, 2025, there was $0.2 million of total unrecognized compensation cost for restricted stock units granted under the 2025 Plan. That cost is expected to be recognized over a weighted-average period of 3.0 years.
A summary of restricted stock unit activity under the 2007 Plan is presented below:
|
|
Units |
|
|
Weighted-Average Grant-Date Fair Value |
|
||
Unvested as of January 1, 2024 |
|
|
38,669 |
|
|
$ |
30.80 |
|
Granted |
|
|
92,625 |
|
|
|
12.14 |
|
Vested |
|
|
(46,551 |
) |
|
|
19.75 |
|
Forfeited |
|
|
(8,526 |
) |
|
|
20.42 |
|
Unvested as of December 31, 2024 |
|
|
76,217 |
|
|
|
15.00 |
|
Granted |
|
|
5,313 |
|
|
|
9.41 |
|
Vested |
|
|
(19,829 |
) |
|
|
23.50 |
|
Forfeited |
|
|
(28,300 |
) |
|
|
9.65 |
|
Unvested as of December 31, 2025 |
|
|
33,401 |
|
|
$ |
13.14 |
|
As of December 31, 2025, there was $0.3 million of total unrecognized compensation cost for restricted stock units granted under the 2007 Plan. That cost is expected to be recognized over a weighted-average period of 1.9 years.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Apr 8, 2026 | Showing above |
| 2024 | Mar 26, 2025 | |
| 2016 | Mar 23, 2017 | |
About Stock Compensation Disclosures
Stock-based compensation disclosures detail the equity awards granted to employees and executives — including stock options, restricted stock units (RSUs), and performance shares — along with the valuation methods and assumptions used to expense them. This section reveals the true cost of talent retention and the alignment between management incentives and shareholder interests.
Key signals: total unrecognized compensation expense and its expected recognition period signal future earnings headwinds from already-granted awards. For stock options, examine Black-Scholes assumptions — expected volatility, risk-free rate, and expected term — as understating any of these reduces reported compensation expense. Compare stock compensation expense as a percentage of revenue against peers to assess dilution cost. Watch vesting schedules for acceleration clauses tied to change-of-control events. Performance-based awards with undemanding targets may indicate weak governance. Add back stock compensation to operating cash flow to calculate a more conservative free cash flow figure.