iHeartMedia (IHRT) CFO reports RSU vesting, share and cash withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iHeartMedia CFO Michael B. McGuinness reported a mix of equity-related transactions in Class A Common Stock on February 25, 2026. He exercised or converted 29,167 restricted stock units at a price of $0.00 per share into the same number of Class A shares, increasing his holdings. Several blocks of shares were then withheld or surrendered at $3.17 per share to cover tax and related obligations upon the vesting of restricted stock units and cash-settled RSUs. After these transactions, he directly owned 757,861 shares of Class A Common Stock and time-vested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
29,167 shares exercised/converted
Mixed
5 txns
Insider
MCGUINNESS MICHAEL B
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 29,167 | $0.00 | -- |
| Exercise | Class A Common Stock, par value $0.001 per share | 29,167 | $0.00 | -- |
| Tax Withholding | Class A Common Stock, par value $0.001 per share | 14,890 | $3.17 | $47K |
| Disposition | Class A Common Stock, par value $0.001 per share | 14,277 | $3.17 | $45K |
| Tax Withholding | Class A Common Stock, par value $0.001 per share | 14,890 | $3.17 | $47K |
Holdings After Transaction:
Restricted Stock Units — 29,167 shares (Direct);
Class A Common Stock, par value $0.001 per share — 801,918 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 25, 2024. 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 did iHeartMedia (IHRT) CFO Michael McGuinness report on this Form 4?
Michael McGuinness reported exercising 29,167 restricted stock units and related share withholdings. The transactions reflect RSU vesting, conversion into Class A Common Stock, and tax‑related dispositions, rather than open‑market buying or selling of iHeartMedia shares.
What are the cash‑settled RSUs mentioned in the iHeartMedia (IHRT) Form 4?
The cash‑settled RSUs give a right to receive cash equal to the fair market value of one Class A share on each vesting date. They vest in three equal annual installments starting on February 25, 2025, based on an award granted effective February 25, 2024.