iHeartMedia (IHRT) COO reports 528,768 RSU vesting and tax-related share transfers
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iHeartMedia, Inc. President and COO Richard J. Bressler reported RSU vesting and related tax settlements, not open‑market trades. On May 18, 2026, he exercised 528,768 restricted stock units into Class A common stock at a conversion price of $0.00 per share.
The filing shows two tax-withholding dispositions totaling 781,595 shares at $5.18 per share and a separate disposition to the issuer, all connected to the RSU vesting. Footnotes clarify these transactions represent cash or share amounts withheld for taxes, making them routine compensation and tax events rather than discretionary market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
528,768 shares exercised/converted
Mixed
5 txns
Insider
BRESSLER RICHARD J
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 528,768 | $0.00 | -- |
| Exercise | Class A Common Stock, par value $0.001 per share | 528,768 | $0.00 | -- |
| Tax Withholding | Class A Common Stock, par value $0.001 per share | 226,630 | $5.18 | $1.17M |
| Disposition | Class A Common Stock, par value $0.001 per share | 302,138 | $5.18 | $1.57M |
| Tax Withholding | Class A Common Stock, par value $0.001 per share | 554,965 | $5.18 | $2.87M |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Class A Common Stock, par value $0.001 per share — 5,770,571 shares (Direct, null)
Footnotes (1)
- Reflects cash-settled restricted stock units ("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 vested in full on May 18, 2026. Includes shares of Class A Common Stock as well as RSUs subject to time vesting conditions. The prior Form 4 for the Reporting Person dated March 30, 2022 contained an immaterial computational error in the amount of securities acquired and, as a result, the total number of securities beneficially owned following the reported transactions. The current total reflects the accurate number of shares held by the Reporting Person. Transaction represents cash equivalent amounts withheld for taxes upon vesting of cash-settled RSUs. Transaction represents shares withheld for taxes upon vesting of RSUs.
Key Figures
RSUs exercised: 528,768 units
Tax-withholding shares: 781,595 shares
Share valuation price: $5.18 per share
+3 more
6 metrics
RSUs exercised
528,768 units
Restricted stock units converted on May 18, 2026
Tax-withholding shares
781,595 shares
Total F-code tax-withholding dispositions
Share valuation price
$5.18 per share
Applied to tax-withholding and issuer disposition
Exercise count
1 transaction
M-code derivative exercise of RSUs
Tax-withholding transactions
2 transactions
F-code dispositions for tax obligations
Disposition transactions
3 transactions
Total dispose-direction entries including issuer disposition
Key Terms
Restricted Stock Units, cash-settled restricted stock units, tax-withholding disposition, Disposition to issuer, +1 more
5 terms
Restricted Stock Units financial
"The filing references Restricted Stock Units as derivative securities converted into Class A Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
cash-settled restricted stock units financial
"Footnotes describe cash-settled restricted stock units that pay the fair market value at vesting."
tax-withholding disposition financial
"Transaction represents cash equivalent amounts withheld for taxes upon vesting of cash-settled RSUs."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Disposition to issuer financial
"A D-code transaction is described as a disposition to issuer in connection with the RSU vesting."
Exercise or conversion of derivative security financial
"The M-code transaction is labeled as exercise or conversion of derivative security."
FAQ
What insider transactions did IHRT executive Richard Bressler report on May 18, 2026?
Richard J. Bressler reported RSU vesting and related settlements on May 18, 2026. He exercised 528,768 restricted stock units into Class A shares and had shares and cash withheld for taxes and an issuer disposition, with no open-market buy or sell activity.
How many iHeartMedia (IHRT) RSUs did Richard Bressler exercise in this Form 4?
Bressler exercised 528,768 restricted stock units in this Form 4. Each RSU was cash‑settled based on the fair market value of one Class A common share on the May 18, 2026 vesting date, converting his derivative award into a vested compensation amount.
Were Richard Bressler’s IHRT transactions open-market sales of stock?
The transactions were not open‑market sales. The filing codes and footnotes show two F‑code tax-withholding dispositions and one D‑code disposition to the issuer, all tied to RSU vesting and tax obligations, rather than discretionary buying or selling in the market.
What do the cash-settled RSU footnotes mean in the IHRT Form 4?
The footnotes explain that each RSU is cash‑settled, paying the fair market value of one Class A share at vesting. They also clarify that certain transactions represent cash and share amounts withheld to cover taxes, and that current totals correct a prior immaterial computational error.