Brad Gerstner - May 18, 2023 Form 4 Insider Report for iHeartMedia, Inc. (IHRT)

Role: Director
Signature: /s/ Scott D. Hamilton, as Attorney-in-Fact for Brad Gerstner
Stock symbol: IHRT
Transactions as of: May 18, 2023
Transactions value $: $74,999
Form type: 4
Date filed: 5/22/2023, 08:31 PM
Previous filing: Jul 6, 2022
Next filing: Jun 7, 2024

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	$75K	+27.4K	+30.93%	$2.74	116K	May 18, 2023	Direct	F1
transaction	IHRT	Class A Common Stock, par value $0.001 per share	Award	$0	+54.7K	+47.25%	$0.00	171K	May 18, 2023	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents deferred stock units ("DSUs") in lieu of cash compensation. Each DSU represents a contingent right to receive one share of Class A Common Stock. The DSUs shall vest as to one-half of the DSUs on each of September 30, 2023 and December 31, 2023. Settlement of the DSUs has been deferred until within 45 days of the earliest to occur of (i) the Reporting Person's separation from service, (ii) a change in control, (iii) the Reporting Person's death, or (iv) the Reporting Person's disability.
F2	Represents DSUs. Each DSU represents a contingent right to receive one share of Class A Common Stock. The DSUs shall vest in full on the earlier of May 18, 2024 or the Company's 2024 annual meeting of stockholders. Settlement of the DSUs has been deferred until within 45 days of the earliest to occur of (i) the Reporting Person's separation from service, (ii) a change in control, (iii) the Reporting Person's death, or (iv) the Reporting Person's disability.

Content

Represents deferred stock units ("DSUs") in lieu of cash compensation. Each DSU represents a contingent right to receive one share of Class A Common Stock. The DSUs shall vest as to one-half of the DSUs on each of September 30, 2023 and December 31, 2023. Settlement of the DSUs has been deferred until within 45 days of the earliest to occur of (i) the Reporting Person's separation from service, (ii) a change in control, (iii) the Reporting Person's death, or (iv) the Reporting Person's disability.

Represents DSUs. Each DSU represents a contingent right to receive one share of Class A Common Stock. The DSUs shall vest in full on the earlier of May 18, 2024 or the Company's 2024 annual meeting of stockholders. Settlement of the DSUs has been deferred until within 45 days of the earliest to occur of (i) the Reporting Person's separation from service, (ii) a change in control, (iii) the Reporting Person's death, or (iv) the Reporting Person's disability.