Richard J. Bressler - 25 Feb 2024 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
Issuer symbol
IHRT
Transactions as of
25 Feb 2024
Net transactions value
$0
Form type
4
Filing time
27 Feb 2024, 18:33:59 UTC
Previous filing
04 Jan 2024
Next filing
03 Apr 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 +13% $0.000000 2,992,734 25 Feb 2024 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 +770,000 $0.000000 770,000 25 Feb 2024 Class A Common Stock 770,000 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 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 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.

Remarks:

President, Chief Financial Officer and Chief Operating Officer