Richard J. Bressler - May 18, 2023 Form 4 Insider Report for iHeartMedia, Inc. (IHRT)

Role
President, Chief Financial Officer and Chief Operating Officer, Director
Signature
/s/ Scott D. Hamilton, by Power of Attorney for Richard J. Bressler
Stock symbol
IHRT
Transactions as of
May 18, 2023
Transactions value $
$0
Form type
4
Date filed
5/22/2023, 08:28 PM
Previous filing
Apr 5, 2023
Next filing
Jun 5, 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 +64.54% $0.00 2.64M May 18, 2023 Direct F1, F2

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 F3
* 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 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.

Remarks:

President, Chief Financial Officer and Chief Operating Officer