Brad Gerstner - Jun 5, 2024 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
Jun 5, 2024
Transactions value $
$150,000
Form type
4
Date filed
6/7/2024, 08:11 PM
Previous filing
May 22, 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 $150K +146K +85.36% $1.03 316K Jun 5, 2024 Direct F1
transaction IHRT Class A Common Stock, par value $0.001 per share Award $0 +146K +46.05% $0.00 462K Jun 5, 2024 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 are fully vested as to one-quarter and shall vest as to one-quarter on each of June 30, 2024, September 30, 2024 and December 31, 2024. 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 June 5, 2025 or the Company's 2025 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.