Robert W. Pittman - Feb 20, 2025 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
Stock symbol
IHRT
Transactions as of
Feb 20, 2025
Transactions value $
$0
Form type
4
Date filed
2/24/2025, 08:24 PM
Previous filing
Feb 21, 2025
Next filing
Feb 27, 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 Award $0 +375K +10.1% $0.00 4.09M Feb 20, 2025 Direct F1, F2
holding IHRT Class A Common Stock, par value $0.001 per share 21.7K Feb 20, 2025 By Pittman CC, LLC F3

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 +909K $0.00 909K Feb 25, 2024 Class A Common Stock 909K Direct F4
* 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 20, 2025.
F2 On February 21, 2025, the Reporting Person filed a Form 4 which misstated the number of shares of Class A Common Stock directly owned following the transactions reported therein by 60 shares due to administrative error. Immediately following the transactions reported therein, the Reporting Person directly owned 3,716,074 shares of Class A Common Stock. The total in Column 5 has been adjusted accordingly.
F3 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.
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 total RSUs on each of the first three anniversaries of February 20, 2025.