Robert W. Pittman - May 18, 2023 Form 4 Insider Report for iHeartMedia, Inc. (IHRT)

Role: Chairman and CEO, Director
Signature: /s/ Jordan R. Fasbender, as Attorney-in-Fact for Robert W. Pittman
Stock symbol: IHRT
Transactions as of: May 18, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/22/2023, 08:22 PM
Previous filing: May 8, 2023
Next filing: Aug 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IHRT	Class A Common Stock, par value $0.001 per share	Award	$0	+1.04M	+52.58%	$0.00	3.01M	May 18, 2023	Direct	F1, F2
holding	IHRT	Class A Common Stock, par value $0.001 per share						21.7K	May 18, 2023	By Pittman CC, LLC	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	IHRT	Restricted Stock Units	Award	$0	+423K		$0.00	423K	May 18, 2023	Class A Common Stock	423K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects stock-settled restricted stock units ("RSU"). Each RSU represents a contingent right to receive one share of Class A Common Stock. The RSUs shall vest as to one-third of the total RSUs on each of the first three anniversaries of May 18, 2023.
F2	Includes RSUs subject to time vesting conditions as well as performance stock units subject to achievement of certain absolute total stockholder return goals calculated over a five-year performance period.
F3	The reported item represents shares of Class A Common Stock beneficially owned by Pittman CC, LLC, a limited liability company controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F4	Reflects cash-settled RSUs. Each RSU represents a contingent right to receive an amount in cash equal to the fair market value of one share of the Issuer's Class A common stock on the applicable vesting date. The RSUs shall vest as to one-third of the total RSUs on each of the first three anniversaries of May 18, 2023.