55,300 IHRT shares withheld for taxes for iHeartMedia (IHRT) officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iHeartMedia, Inc. officer David Hillman reported a routine tax-related share disposition. On the vesting of restricted stock units, 55,300 shares of Class A common stock were withheld to cover tax obligations at a value of $5.34 per share. After this withholding, Hillman directly holds 354,349 shares of iHeartMedia Class A common stock. This event reflects compensation-related tax settlement rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hillman David
Role
SEE BELOW
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock, par value $0.001 per share | 55,300 | $5.34 | $295K |
Holdings After Transaction:
Class A Common Stock, par value $0.001 per share — 354,349 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 55,300 shares
Withholding price per share: $5.34 per share
Shares held after transaction: 354,349 shares
+1 more
4 metrics
Shares withheld for taxes
55,300 shares
Tax-withholding disposition on RSU vesting
Withholding price per share
$5.34 per share
Value used for tax-withholding transaction
Shares held after transaction
354,349 shares
Direct Class A holdings after tax withholding
Tax-withholding transactions
1 transaction, 55,300 shares
Form 4 transaction summary
Key Terms
restricted stock units, tax-withholding disposition, Class A Common Stock
3 terms
restricted stock units financial
"Transaction represents shares withheld for taxes upon vesting of restricted stock units."
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
Class A Common Stock financial
"Class A Common Stock, par value $0.001 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did iHeartMedia (IHRT) report for David Hillman?
iHeartMedia officer David Hillman reported a tax-withholding disposition of 55,300 Class A shares. These shares were withheld upon vesting of restricted stock units, settling tax obligations rather than representing an open-market sale of stock.
Was the iHeartMedia (IHRT) Hillman transaction an open-market sale?
No, the transaction was not an open-market sale. The 55,300 iHeartMedia Class A shares were withheld by the company to cover taxes due when Hillman’s restricted stock units vested, as disclosed in the Form 4 footnote.
What does transaction code F mean in the iHeartMedia (IHRT) Form 4?
Transaction code F indicates shares used to pay an exercise price or tax liability. In this iHeartMedia filing, it reflects shares withheld for taxes upon vesting of restricted stock units, not a discretionary market trade by the officer.