iHeartMedia (IHRT) director receives new deferred stock unit awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iHeartMedia, Inc. director Samuel Eli Englebardt reported compensation-related equity awards, not open‑market trades. He acquired two awards of 35,629 deferred stock units (DSUs), each representing a contingent right to receive one share of Class A Common Stock, in lieu of cash compensation and under a separate 2027-vesting grant. The DSUs vest over time, including quarterly installments beginning on March 31, 2026 and a grant vesting in full on the earlier of June 4, 2027 or the 2027 annual meeting of stockholders. Settlement of both DSU awards is deferred until within 45 days after his separation from service, a change in control, death, or disability. Following these awards, he directly holds 691,297 shares of Class A Common Stock according to the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Englebardt Samuel Eli
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 | -- |
Holdings After Transaction:
Class A Common Stock, par value $0.001 per share — 691,297 shares (Direct, null)
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 within 45 days of the earliest to occur of (i) the Reporting Person's separation from service, (ii) a change in control, (iii) the Reporting Person's death, or (iv) the Reporting Person's disability. The prior Form 4 for the Reporting Person dated May 15, 2025 contained an immaterial computational error in 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. 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 within 45 days of the earliest to occur of (i) the Reporting Person's separation from service, (ii) a change in control, (iii) the Reporting Person's death, or (iv) the Reporting Person's disability.
Key Figures
DSU award size: 35,629 units
Grant reference price: $4.21 per share
Post-transaction holdings: 691,297 shares
+3 more
6 metrics
DSU award size
35,629 units
Each of two deferred stock unit grants
Grant reference price
$4.21 per share
Price per share shown for one DSU grant
Post-transaction holdings
691,297 shares
Class A Common Stock held directly after reported awards
Par value
$0.001 per share
Par value of Class A Common Stock
Quarterly vesting start
March 31, 2026
Start date for equal quarterly DSU vesting installments
Full vesting date
June 4, 2027
Latest date for full vesting of one DSU grant
Key Terms
deferred stock units, DSUs, change in control, separation from service, +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.
change in control financial
"within 45 days of the earliest to occur of (i) the Reporting Person's separation from service, (ii) a change in control,"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
separation from service financial
"within 45 days of the earliest to occur of (i) the Reporting Person's separation from service,"
beneficially owned financial
"contained an immaterial computational error in the total number of securities beneficially owned following the reported transactions."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What insider transaction did iHeartMedia (IHRT) director Samuel Eli Englebardt report?
Samuel Eli Englebardt reported receiving equity awards, not market purchases. He acquired two grants of 35,629 deferred stock units (DSUs), each representing a contingent right to one share of iHeartMedia Class A Common Stock as part of his director compensation.
What are deferred stock units (DSUs) in the iHeartMedia (IHRT) director grant?
The reported awards are deferred stock units, or DSUs. Each DSU represents a contingent right to receive one share of Class A Common Stock, typically granted in lieu of cash compensation and settled later upon separation from service, a change in control, death, or disability, as disclosed.
When do Samuel Eli Englebardt’s new iHeartMedia (IHRT) DSUs vest and settle?
One DSU award vests in equal quarterly installments beginning March 31, 2026. Another vests in full on the earlier of June 4, 2027 or the 2027 annual meeting. Settlement for both occurs within 45 days after separation from service, change in control, death, or disability.