iHeartMedia (IHRT) director Robert Millard awarded new deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iHeartMedia director Robert B. Millard reported stock-based compensation rather than open‑market trading. He received two grants of 35,629 deferred stock units (DSUs) tied to iHeartMedia Class A common stock.
One DSU award, granted in lieu of cash compensation, vests in equal quarterly installments that began on March 31, 2026. The second DSU award vests in full on the earlier of June 4, 2027 or the company’s 2027 annual meeting of stockholders. For both grants, settlement has been deferred until December 31, 2031, when the vested DSUs are scheduled to convert into shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
MILLARD ROBERT B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock, par value $0.001 per share | 35,629 | $4.21 | $150K |
| Grant/Award | Class A Common Stock, par value $0.001 per share | 35,629 | $0.00 | -- |
| holding | Class A Common Stock, par value $0.001 per share | -- | -- | -- |
| holding | Class A Common Stock, par value $0.001 per share | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock, par value $0.001 per share — 249,043 shares (Direct, null);
Class A Common Stock, par value $0.001 per share — 1,023,012 shares (Indirect, By GRAT Five)
Footnotes (1)
- 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 vest in equal quarterly installments, which began on March 31, 2026. Settlement of the DSUs has been deferred until December 31, 2031. 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 4, 2027 or the Company's 2027 annual meeting of stockholders. Settlement of the DSUs has been deferred until December 31, 2031.
Key Figures
DSU grant size: 35,629 units
DSU vesting start: March 31, 2026
Alternative vesting date: June 4, 2027
+5 more
8 metrics
DSU grant size
35,629 units
Each of two DSU awards tied to Class A common stock
DSU vesting start
March 31, 2026
Quarterly vesting begins for DSUs granted in lieu of cash compensation
Alternative vesting date
June 4, 2027
Earlier of this date or 2027 annual meeting for second DSU grant
Settlement date
December 31, 2031
Deferred settlement date when vested DSUs convert into shares
Direct holdings after grant (entry 1)
284,672 shares
Total Class A common stock following one DSU-related entry
Direct holdings after grant (entry 2)
249,043 shares
Total Class A common stock following second DSU-related entry
Indirect GRAT Three holdings
460,000 shares
Class A common stock held indirectly via GRAT Three
Indirect GRAT Five holdings
1,023,012 shares
Class A common stock held indirectly via GRAT Five
Key Terms
deferred stock units, DSUs, GRAT Three, GRAT Five, +1 more
5 terms
deferred stock units financial
"Represents deferred stock units ("DSUs") in lieu of cash compensation."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
DSUs financial
"Each DSU represents a contingent right to receive one share of Class A Common Stock."
DSUs, or Deferred Share Units, are a form of long-term pay where employees or directors receive a promise of company shares or cash at a later date instead of immediate salary. Think of them as an IOU for future stock that vests over time and converts into actual shares or cash, so they matter to investors because they can increase the number of outstanding shares (dilution) and reveal how management’s pay is tied to company performance.
GRAT Three financial
"Class A Common Stock, par value $0.001 per share ... nature_of_ownership: By GRAT Three"
GRAT Five financial
"Class A Common Stock, par value $0.001 per share ... nature_of_ownership: By GRAT Five"
annual meeting of stockholders financial
"The DSUs shall vest in full on the earlier of June 4, 2027 or the Company's 2027 annual meeting of stockholders."
FAQ
What did iHeartMedia (IHRT) director Robert B. Millard report in this Form 4?
Robert B. Millard reported awards of deferred stock units (DSUs) tied to iHeartMedia Class A common stock. These DSUs are stock-based compensation, not open‑market share purchases or sales, and will convert into shares at a future settlement date if vesting conditions are met.
How many iHeartMedia (IHRT) deferred stock units did Robert B. Millard receive?
The filing shows two grants of 35,629 deferred stock units (DSUs) each. Each DSU represents a contingent right to receive one share of Class A common stock, subject to the specific vesting schedules and the deferred settlement date disclosed in the footnotes.
How do Robert B. Millard’s iHeartMedia (IHRT) DSUs vest?
One DSU grant vests in equal quarterly installments that began on March 31, 2026. The other vests in full on the earlier of June 4, 2027 or iHeartMedia’s 2027 annual meeting of stockholders, provided the applicable vesting conditions continue to be satisfied over time.
Are Robert B. Millard’s iHeartMedia (IHRT) DSU awards open‑market stock purchases?
No, the DSU awards are stock-based compensation granted in lieu of, or in addition to, cash compensation. The Form 4 lists them with code A as grants or awards, not open‑market purchases or sales, and they vest over time before settlement into shares.