Equity awards and RSU vesting for iHeartMedia (IHRT) CFO McGuinness
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MCGUINNESS MICHAEL B reported acquisition or exercise transactions in this Form 4 filing.
iHeartMedia CFO Michael B. McGuinness reported multiple equity awards on February 17, 2026, including restricted stock units and Class A common stock. Some RSUs became earned after meeting performance goals and others were newly granted, with vesting dates in May 2026 and February 2028 or over three years, all contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
MCGUINNESS MICHAEL B
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 59,523 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 109,649 | $0.00 | -- |
| Grant/Award | Class A Common Stock, par value $0.001 per share | 166,128 | $0.00 | -- |
| Grant/Award | Class A Common Stock, par value $0.001 per share | 59,523 | $0.00 | -- |
| Grant/Award | Class A Common Stock, par value $0.001 per share | 109,649 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 59,523 shares (Direct);
Class A Common Stock, par value $0.001 per share — 623,580 shares (Direct)
Footnotes (1)
- Reflects restricted stock units ("RSUs") following the satisfaction of performance criteria for previously granted performance stock units ("PSUs"). Each RSU represents a contingent right to receive one share of Class A Common Stock. The RSUs will vest in full on May 18, 2026, subject to the Reporting Person's continued service with the Issuer. Reflects RSUs following the partial satisfaction of performance criteria for previously granted PSUs. Each RSU represents a contingent right to receive one share of Class A Common Stock. The RSUs will vest in full on February 20, 2028, subject to the Reporting Person's continued service with the Issuer. Reflects stock-settled restricted stock units. Each RSU represents a contingent right to receive one share of Class A Common Stock. The RSUs shall vest as to one-third of the total RSUs on each of the first three anniversaries of February 17, 2026, subject to the Reporting Person's continued service with the Issuer. Reflects cash-settled RSUs following the partial satisfaction of performance criteria for previously granted cash-settled PSUs. 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 cash-settled RSUs will vest in full on February 20, 2028, subject to the Reporting Person's continued service with the Issuer. Reflects cash-settled RSUs. 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 17, 2026, subject to the Reporting Person's continued service with the Issuer.
FAQ
What did iHeartMedia (IHRT) CFO Michael McGuinness report in this Form 4?
The Form 4 shows equity awards to CFO Michael B. McGuinness, including restricted stock units and Class A common stock. These awards stem from both performance-based RSUs that became earned and newly granted RSUs with time-based vesting conditions tied to continued service.
How many restricted stock units were granted or earned for the IHRT CFO?
The filing reports multiple restricted stock unit (RSU) acquisitions, including awards of 59,523 and 109,649 RSUs. Each RSU represents a contingent right to receive one share of iHeartMedia Class A common stock or a cash value equivalent, depending on the specific award terms disclosed.
When do Michael McGuinness’s iHeartMedia RSUs vest?
Certain RSUs vest in full on May 18, 2026, while others vest in full on February 20, 2028. Additional RSUs vest in three equal installments on each of the first three anniversaries of February 17, 2026, all requiring continued service with iHeartMedia.
What is the difference between stock-settled and cash-settled RSUs for IHRT CFO?
Some RSUs are stock-settled, delivering one share of Class A common stock per unit at vesting. Others are cash-settled, paying cash equal to the fair market value of one share on the vesting date, still subject to the same performance and service-based vesting conditions.
Are the IHRT CFO’s RSU awards performance-based or time-based?
The awards include both performance-based and time-based RSUs. Several RSUs reflect satisfaction or partial satisfaction of performance criteria under earlier performance stock units, while other RSUs vest over three years or on fixed future dates, conditioned on continued employment with iHeartMedia.
Does this IHRT Form 4 show any stock sales by the CFO?
No stock sales are reported. All transactions are coded as “A” for grant, award, or other acquisition, indicating the CFO acquired RSUs and common stock. The activity reflects equity compensation awards and performance-based conversions rather than open-market purchases or dispositions of iHeartMedia shares.