iHeartMedia CFO exercises RSUs, withholds shares
iHeartMedia CFO Michael B. McGuinness reported a mix of equity-related transactions in Class A Common Stock on February 25, 2026.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 29,167 | $0.00 | $0.00 |
| Exercise | Class A Common Stock, par value $0.001 per share | 29,167 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | 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 |
| Exercise Price or Tax Liability | Class A Common Stock, par value $0.001 per share | 14,890 | $3.17 | $47K |
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 25, 2024.
- 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 did iHeartMedia (IHRT) CFO Michael McGuinness report on this Form 4?
What are the cash‑settled RSUs mentioned in the iHeartMedia (IHRT) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.