Robert W. Pittman - 25 Feb 2024 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
Issuer symbol
IHRT
Transactions as of
25 Feb 2024
Net transactions value
$0
Form type
4
Filing time
27 Feb 2024, 18:30:17 UTC
Previous filing
15 Nov 2023
Next filing
21 May 2024
SEC
View on sec.gov

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 +350,000 +11% $0.000000 3,516,359 25 Feb 2024 Direct F1, F2
holding IHRT Class A Common Stock, par value $0.001 per share 21,732 25 Feb 2024 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 +770,000 $0.000000 770,000 25 Feb 2024 Class A Common Stock 770,000 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 February 25, 2024.
F2 Includes shares of Class A Common Stock as well as RSUs subject to time vesting conditions and 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 February 25, 2024.