Shaun Greening
About Shaun Greening
Shaun Greening is Chief Accounting Officer (principal accounting officer) at Beasley Broadcast Group (BBGI), appointed effective October 17, 2025. He has been with BBGI since February 2000 as Vice President of Financial Reporting, and previously served as an Audit Manager at KPMG in Tampa. Greening holds a Bachelor of Commerce and Administration from Victoria University of Wellington (New Zealand) and is a licensed CPA in Florida; age 62 as of his appointment. During the most recent quarters around his appointment, BBGI’s net revenue declined year over year while adjusted EBITDA was positive in Q1–Q2 2025; see performance table below.
Company Performance Context (recent quarters)
| Metric | Q1 2025 | Q2 2025 | Q3 2025 |
|---|---|---|---|
| Net Revenue ($USD Millions) | $48.9 | $53.0 | $51.0 (=$50,977,046) |
| Adjusted EBITDA ($USD Millions) | $1.1 | $4.7 | — (not disclosed) |
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| KPMG (Tampa, FL) | Audit Manager | Pre-2000 | External audit leadership and controls experience relevant to public-company reporting |
| Beasley Broadcast Group | VP, Financial Reporting | Feb 2000–Oct 2025 | Led SEC reporting through IPO and subsequent filings; institutional knowledge of BBGI’s accounting and controls |
External Roles
- None disclosed in company filings for Greening.
Fixed Compensation
- Base salary, target bonus, and actual bonus for the CAO were not disclosed in the latest proxy/8-K materials; BBGI’s DEF 14A covers CEO/President/COO compensation but does not enumerate CAO cash compensation.
Performance Compensation
- Greening received restricted stock units (RSUs) in connection with his appointment; vesting schedule detailed below. No performance share units (PSUs) or option grants were disclosed for Greening.
Approved performance criteria under BBGI’s 2025 Equity Incentive Award Plan (Plan-level; applied at Committee discretion):
- Eligible metrics include net earnings, sales/revenue, net income, operating earnings, operating/free cash flow, cash flow return on capital, ROE, ROA, return on capital, shareholder returns, return on sales, margins, productivity, expense, operating efficiency, customer satisfaction, working capital, EPS, price per share, market share; measured on absolute or relative basis and may be unit-, division-, subsidiary-, or company-level.
Equity Ownership & Alignment
| Category | Amount | Detail |
|---|---|---|
| Common Shares (Direct) | 2,163 | Class A Common Stock; direct holding |
| RSUs (Unvested) | 1,000 | Each RSU converts 1:1 into Class A Common Stock on vest dates |
| Ownership as % of weighted-average shares | ~0.12% | 2,163 ÷ 1,804,027 (Q3 2025 weighted-average shares) |
| Pledged/Hedged | Not disclosed | Company has Insider Trading Policy; hedging policy referenced but specific prohibitions not enumerated in proxy text provided |
| Ownership Guidelines | Not disclosed | No executive stock ownership guideline details found in the DEF 14A excerpts |
RSU Vesting Schedule
| Grant Type | Vest Date | Shares | Terms |
|---|---|---|---|
| RSUs | Dec 31, 2025 | 500 | Vesting in two equal annual installments beginning Dec 31, 2025 |
| RSUs | Dec 31, 2026 | 500 | Second installment of initial RSU grant |
Note: Initial Form 3 filed Oct 22, 2025 reflects appointment and holdings; Greening also executed a Power of Attorney authorizing Section 16 filings.
Employment Terms
- Appointment: Principal Accounting Officer (CAO), effective Oct 17, 2025.
- Background/credentials: BCA, Victoria University of Wellington; CPA (Florida).
- SEC responsibilities: Signatory on Q3 2025 Form 10-Q as principal accounting officer.
- Clawback policy: All awards subject to BBGI clawback consistent with Rule 10D‑1 and Company policy.
- Equity plan: 2025 Equity Incentive Award Plan authorizes up to 300,000 Class A shares for equity awards; RSUs under the plan generally vest over one to five years.
- Non-compete, severance, change-of-control: Terms detailed for named executive officers (CEO/President/COO) in DEF 14A; no CAO-specific employment agreement or severance/change-in-control economics disclosed in the materials reviewed.
Investment Implications
- Alignment and selling pressure: Direct holdings are modest (2,163 shares) with an additional 1,000 RSUs vesting in two annual tranches, suggesting limited insider selling pressure at vest dates absent incremental awards or trades; first vest date Dec 31, 2025.
- Retention risk: Long-serving finance leader (with BBGI since 2000) now elevated to CAO, supported by time-based RSU vesting; absence of disclosed severance economics reduces clarity on retention incentives versus named executives.
- Controls and governance: CAO signatory on 10-Q and plan-level clawback in place, with insider trading policy referenced; governance mechanics support financial reporting integrity during a period of operational softness.
- Company performance backdrop: Recent quarters show pressured net revenue and variable adjusted EBITDA; execution on digital strategy and cost controls remains central while Greening oversees principal accounting functions amid ASCAP/BMI accrual dynamics and broader industry advertising softness.