iHeartMedia COO reports RSU exercise, share disposals
iHeartMedia President and COO Richard J. Bressler reported equity award exercises and related share dispositions.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 303,028 | $0.00 | $0.00 |
| Exercise | Class A Common Stock, par value $0.001 per share | 303,028 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | 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 |
| Exercise Price or Tax Liability | Class A Common Stock, par value $0.001 per share | 53,621 | $3.61 | $194K |
Footnotes (4)
- F1. 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.
- F2. Includes shares of Class A Common Stock as well as RSUs subject to time vesting conditions.
- F3. Transaction represents cash equivalent amounts withheld for taxes upon vesting of cash-settled restricted stock units.
- F4. Transaction represents shares withheld for taxes upon vesting of restricted stock units.
FAQ
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What insider transactions did IHRT executive Richard Bressler report?
How many iHeartMedia (IHRT) RSUs did Richard Bressler acquire?
How many iHeartMedia (IHRT) RSUs does Richard Bressler hold after the Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.