BRAD GERSTNER - 05 Jun 2024 Form 4 Insider Report for iHeartMedia, Inc. (IHRT)

Role: Director
Signature: /s/ Scott D. Hamilton, as Attorney-in-Fact for Brad Gerstner
Issuer symbol: IHRT
Transactions as of: 05 Jun 2024
Transactions value $: $150,000
Form type: 4
Filing time: 07 Jun 2024, 20:11:41 UTC
Previous filing: 22 May 2023
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	$150K	+146K	+85.36%	$1.03	316K	05 Jun 2024	Direct	F1
transaction	IHRT	Class A Common Stock, par value $0.001 per share	Award	$0	+146K	+46.05%	$0.00	462K	05 Jun 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.

Content

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.

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.