Richard J. Bressler - 25 Feb 2025 Form 4 Insider Report for iHeartMedia, Inc. (IHRT)

Role
President, Chief Financial Officer and Chief Operating Officer, Director
Signature
/s/ David Hillman, as Attorney-in-Fact for Richard J. Bressler
Issuer symbol
IHRT
Transactions as of
25 Feb 2025
Net transactions value
-$739,628
Form type
4
Filing time
20 May 2025, 16:06:34 UTC
Previous filing
24 Feb 2025
Next filing
10 Mar 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
BRESSLER RICHARD J President, Chief Financial Officer and Chief Operating Officer, Director 20880 STONE OAK PARKWAY, SAN ANTONIO /s/ David Hillman, as Attorney-in-Fact for Richard J. Bressler 20 May 2025 0001200604

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 +256,666 +7.1% 3,874,430 25 Feb 2025 Direct F1, F2
transaction IHRT Class A Common Stock, par value $0.001 per share Tax liability $242,015 -110,007 -2.8% $2.20 3,764,423 25 Feb 2025 Direct F2, F3
transaction IHRT Class A Common Stock, par value $0.001 per share Disposed to Issuer $322,650 -146,659 -3.9% $2.20 3,617,764 25 Feb 2025 Direct F2
transaction IHRT Class A Common Stock, par value $0.001 per share Options Exercise +141,099 +3.9% 3,758,863 18 May 2025 Direct F2, F4
transaction IHRT Class A Common Stock, par value $0.001 per share Tax liability $74,989 -60,475 -1.6% $1.24 3,698,388 18 May 2025 Direct F2, F3
transaction IHRT Class A Common Stock, par value $0.001 per share Disposed to Issuer $99,974 -80,624 -2.2% $1.24 3,617,764 18 May 2025 Direct 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 Options Exercise -256,666 -33% 513,334 25 Feb 2025 Class A Common Stock 256,666 Direct F1
transaction IHRT Restricted Stock Units Options Exercise -141,099 -50% 141,100 18 May 2025 Class A Common Stock 141,099 Direct F4
* 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 original grant of 770,000 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 Transaction represents cash equivalent amounts withheld for taxes upon vesting of cash-settled restricted stock units.
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 original grant of 423,298 total RSUs on each of the first three anniversaries of May 18, 2023.

Remarks:

President, Chief Financial Officer and Chief Operating Officer