iHeartMedia (IHRT) grants officer 109,649 stock RSUs vesting from 2026
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hillman David reported acquisition or exercise transactions in this Form 4 filing.
iHeartMedia, Inc. officer David Hillman reported an equity award of 109,649 shares of Class A common stock in the form of stock-settled restricted stock units (RSUs). The award was recorded at a price of $0.0000 per share, reflecting that it is a grant, not an open-market purchase.
Each RSU represents a right to receive one share of Class A common stock, and the RSUs will vest in three equal installments on each of the first three anniversaries of February 17, 2026, as long as Hillman continues to serve the company. After this grant, his directly owned Class A common stock, including RSUs, totals 409,649 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hillman David
Role
SEE BELOW
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock, par value $0.001 per share | 109,649 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock, par value $0.001 per share — 409,649 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did iHeartMedia (IHRT) report for David Hillman?
iHeartMedia reported that officer David Hillman received a grant of 109,649 stock-settled restricted stock units (RSUs). Each RSU equals one share of Class A common stock, increasing his reported direct holdings to a total of 409,649 shares after the award.
How many iHeartMedia (IHRT) RSUs were granted to David Hillman?
David Hillman was granted 109,649 restricted stock units (RSUs) tied to iHeartMedia Class A common stock. These RSUs were reported at a price of $0.0000 per share, indicating a compensatory equity award rather than an open-market purchase of the company’s stock.
What is the vesting schedule for David Hillman’s iHeartMedia (IHRT) RSUs?
Hillman’s 109,649 RSUs vest in three equal parts on the first, second, and third anniversaries of February 17, 2026. Vesting is contingent on his continued service with iHeartMedia, meaning unvested units depend on him remaining with the company.
What are RSUs in the context of iHeartMedia (IHRT) insider awards?
RSUs, or restricted stock units, are promises to deliver shares in the future if conditions are met. For Hillman, each RSU represents one share of Class A common stock, vesting over three years based on continued service with iHeartMedia rather than immediate cash investment.