Cumulus Media Inc (CMLS) · Insider trading
What Cumulus Media's directors, officers and largest holders bought and sold themselves, from the Form 4 each of them files with the SEC within two business days of a trade. Open-market purchases and sales first: those are the trades somebody chose to make at the market price.
No director, officer or large holder of Cumulus Media reported buying or selling at the market price in the last two years. What they did report is below.
Grants, exercises and other transactions
Pay, tax and paperwork rather than a choice to trade at the market price. Two years.
Show them
| Date | Insider | What | Shares | Price | Holds after | Filing |
|---|---|---|---|---|---|---|
| 2026-10-16 | Berner Mary G.Director, President & CEO | Returned to the company D | −1,045,453 | – | 0 | Form 4 |
| 2026-10-16 | Lopez-Balboa Francisco JSee Remarks | Returned to the company D | −492,956 | – | 0 | Form 4 |
| 2026-10-16 | Galbraith Steven MDirector | Returned to the company D | −175,200 | – | 0 | Form 4 |
| 2026-10-16 | Galbraith Steven MDirector | Returned to the company D | −400,000 | – | 0 | Form 4 |
| 2026-10-16 | Jones Collin R.See Remarks | Returned to the company D | −162,100 | – | 0 | Form 4 |
| 2026-10-16 | Denning RichardSee Remarks | Returned to the company D | −181,723 | – | 0 | Form 4 |
| 2026-10-16 | Farrington Deborah ADirector | Returned to the company D | −62,786 | – | 0 | Form 4 |
| 2026-10-16 | Walker Robert JPresident - Operations | Returned to the company D | −196,673 | – | 0 | Form 4 |
| 2026-10-16 | Milner David EdwardPresident - Operations | Returned to the company D | −194,749 | – | 0 | Form 4 |
| 2026-10-16 | Hobson Andrew WDirector | Returned to the company D | −184,155 | – | 0 | Form 4 |
| 2025-02-21 | Walker Robert JPresident - Operations | Grant or award A | +4,325 | – | 200,866 | Form 4 |
| 2025-02-21 | Walker Robert JPresident - Operations | Shares withheld for tax F | −4,193 | – | 196,673 | Form 4 |
| 2025-02-21 | Milner David EdwardPresident - Operations | Grant or award A | +4,315 | – | 198,952 | Form 4 |
| 2025-02-21 | Milner David EdwardPresident - Operations | Shares withheld for tax F | −4,203 | – | 194,749 | Form 4 |
| 2025-02-21 | Denning RichardSee Remarks | Grant or award A | +4,971 | – | 184,315 | Form 4 |
| 2025-02-21 | Denning RichardSee Remarks | Shares withheld for tax F | −2,592 | – | 181,723 | Form 4 |
| 2025-02-21 | Berner Mary G.Director, President & CEO | Grant or award A | +31,123 | – | 1,083,960 | Form 4 |
| 2025-02-21 | Berner Mary G.Director, President & CEO | Shares withheld for tax F | −38,507 | – | 1,045,453 | Form 4 |
| 2025-02-21 | Jones Collin R.See Remarks | Grant or award A | +4,026 | – | 166,033 | Form 4 |
| 2025-02-21 | Jones Collin R.See Remarks | Shares withheld for tax F | −3,933 | – | 162,100 | Form 4 |
| 2025-02-21 | Lopez-Balboa Francisco JSee Remarks | Grant or award A | +18,005 | – | 507,134 | Form 4 |
| 2025-02-21 | Lopez-Balboa Francisco JSee Remarks | Shares withheld for tax F | −14,178 | – | 492,956 | Form 4 |
How to read it
- Buy, sale
- Code P and S on the form: shares bought or sold in the market, at the market price. The other codes are mostly pay (a grant, an option exercised) or tax (shares the company withheld), and say little about what the insider thinks of the price.
- Plan
- A sale or purchase under a Rule 10b5-1 plan, set up in advance and running on its own schedule. Since April 2023 the form has a box for it. Much executive selling is planned and says more about diversifying than about the company.
- Holds after
- The shares the insider still held after the trade, in the form the trade was in (directly, or indirectly through a trust or a fund).
- Value
- Shares times the price the form reports, which is often an average over several fills on the day.
Read from the SEC's own quarterly data sets of Forms 3, 4 and 5, and from each day's filings since the last one. A correcting amendment replaces the lines it restates. Every row links to its filing. None of this is advice: insiders sell for many reasons, and buy for fewer.