Company: SGA
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001104659-25-033247
Chunk: 43

Company: SAGA COMMUNICATIONS INC
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 43
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 | ​ | ​ | ​ |                 ​ | $ |  39,379 | ​ | ​ | ​ |          ​ | $ |   522,384 | ​ | ​ |
| ​                                                                             | ​ | ​ | 2023 | ​ |    ​ | ​ | ​ | $ |    300,000 | ​ |       ​ | ​ | ​ | $ |    35,000 | ​ |       ​ | ​ | ​ | $ |        150,014 | ​ |       ​ | ​ | ​ | $ | —               | ​ | ​ | ​ | ​ | $ | —                             | ​ | ​ | ​ | ​ | $ |            47,169 | ​ |       ​ | ​ | ​ | $ |    532,183 | ​ |         ​ |   |   |

(1) Includes amounts deferred under the Company’s 401(k) Plan and the 2005 deferred compensation plan. (2) For fiscal year 2024, upon the recommendation of the Compensation Committee, a discretionary bonus of $243,950 was awarded by the Board to Mr. Forgy as outlined in his employment agreement. In addition, bonuses in the amount of $50,000 and $35,000 for Mr. Bush and Mr. Leland, respectively, were approved by the Compensation Committee upon recommendation of Mr. Forgy. For fiscal year 2023, upon approval of the Compensation Committee, a discretionary bonus of $245,000 was awarded to Mr. Forgy as outlined in his employment agreement. In addition, bonuses in the amount of $52,500 and $35,000 for Mr. Bush and Mr. Leland, respectively, were approved by the Compensation Committee upon the recommendation of Mr. Forgy. (3) Includes the value of restricted stock awarded on December 5, 2024, and December 7, 2023 to Messrs. Forgy and Bush and Leland in their capacity as officers. See “Long Term Incentives” under “Compensation Overview” above. Refer to Note 8, “Stock-Based Compensation” in the Notes to our Consolidated Financial Statements included in our Annual Report to the SEC on Form 10-K for the year ended December 31, 2024, for the relevant assumptions used to determine the valuation of the stock awards. (4) No options were awarded in 2024 or 2023. (5) With respect to Mr. Forgy perquisites include personal use of