iHeartMedia (IHRT) COO exercises RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iHeartMedia President and COO Richard J. Bressler reported equity award exercises and related share dispositions. He acquired 303,028 restricted stock units through a derivative exercise and 303,028 shares of Class A Common Stock at a stated price of $0.00 per share.
He then disposed of 129,878 and 53,621 shares of Class A Common Stock at $3.61 per share to cover tax liabilities upon vesting, and a further 173,150 shares were disposed of to the issuer at $3.61 per share. After these transactions, his direct holdings of Class A Common Stock were 5,291,747 shares, and his RSU holdings were 606,057 units, which include time-vested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
303,028 shares exercised/converted
Mixed
5 txns
Insider
BRESSLER RICHARD J
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 303,028 | $0.00 | -- |
| Exercise | Class A Common Stock, par value $0.001 per share | 303,028 | $0.00 | -- |
| Tax Withholding | Class A Common Stock, par value $0.001 per share | 129,878 | $3.61 | $469K |
| Disposition | Class A Common Stock, par value $0.001 per share | 173,150 | $3.61 | $625K |
| Tax Withholding | Class A Common Stock, par value $0.001 per share | 53,621 | $3.61 | $194K |
Holdings After Transaction:
Restricted Stock Units — 606,057 shares (Direct);
Class A Common Stock, par value $0.001 per share — 5,648,396 shares (Direct)
Footnotes (1)
- Reflects cash-settled restricted stock units ("RSU"). 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 shall vest as to one-third of the total RSUs on each of the first three anniversaries of February 20, 2025. Includes shares of Class A Common Stock as well as RSUs subject to time vesting conditions. Transaction represents cash equivalent amounts withheld for taxes upon vesting of cash-settled restricted stock units. Transaction represents shares withheld for taxes upon vesting of restricted stock units.
FAQ
What insider transactions did IHRT executive Richard Bressler report?
Richard J. Bressler reported exercising 303,028 restricted stock units and receiving 303,028 Class A shares at a stated price of $0.00 per share. He also reported several dispositions of Class A shares tied to tax withholding and a disposition to the issuer at $3.61 per share.
How many iHeartMedia (IHRT) RSUs did Richard Bressler acquire?
Richard Bressler acquired 303,028 restricted stock units through a derivative exercise. These RSUs are cash-settled instruments, each linked to the fair market value of one share of Class A Common Stock and vest in three equal annual installments beginning February 20, 2025, subject to time-based conditions.
How many iHeartMedia (IHRT) RSUs does Richard Bressler hold after the Form 4?
After the transactions, Bressler held 606,057 restricted stock units. This total includes RSUs subject to time-vesting conditions, with one-third scheduled to vest on each of the first three anniversaries of February 20, 2025, providing ongoing deferred compensation exposure.