ROBERT W. PITTMAN - 18 May 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
18 May 2024
Net transactions value
-$170,730
Form type
4
Filing time
21 May 2024, 18:11:10 UTC
Previous filing
27 Feb 2024
Next filing
21 Feb 2025
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 Options Exercise +141,099 +4% 3,657,458 18 May 2024 Direct F1, F2
transaction IHRT Class A Common Stock, par value $0.001 per share Tax liability $73,175 -60,475 -1.7% $1.21 3,596,983 18 May 2024 Direct F2, F3
transaction IHRT Class A Common Stock, par value $0.001 per share Disposed to Issuer $97,555 -80,624 -2.2% $1.21 3,516,359 18 May 2024 Direct F2
holding IHRT Class A Common Stock, par value $0.001 per share 21,732 18 May 2024 By Pittman CC, LLC F4

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 Options Exercise -141,099 -33% 282,199 18 May 2024 Class A Common Stock 141,099 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
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 Transaction represents cash equivalent amounts withheld for taxes upon vesting of cash-settled restricted stock units.
F4 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.