iHeartMedia CFO reports RSU vesting and disposals
iHeartMedia CFO Michael B. McGuinness reported several equity compensation-related transactions in Class A Common Stock.
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Rhea-AI Filing Summary
iHeartMedia CFO Michael B. McGuinness reported several equity compensation-related transactions in Class A Common Stock. He exercised 38,226 restricted stock units into shares, then had 19,515 and 20,001 shares withheld to satisfy tax obligations and disposed of 18,711 shares to the issuer, ending with 772,751 directly held shares and 76,453 RSUs subject to time-based vesting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class A Common Stock, par value $0.001 per share | 38,226 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock, par value $0.001 per share | 19,515 | $3.61 | $70K |
| Disposition | Class A Common Stock, par value $0.001 per share | 18,711 | $3.61 | $68K |
| Exercise Price or Tax Liability | Class A Common Stock, par value $0.001 per share | 20,001 | $3.61 | $72K |
| Exercise | Restricted Stock Units | 38,226 | $0.00 | $0.00 |
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 shares withheld for taxes upon vesting of restricted stock units.
- F4. Transaction represents cash equivalent amounts withheld for taxes upon vesting of cash-settled restricted stock units.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did iHeartMedia (IHRT) CFO report on this Form 4?
Were the iHeartMedia (IHRT) CFO’s Form 4 transactions open-market trades?
What do the tax-withholding transactions mean in the iHeartMedia (IHRT) Form 4?
How are the CFO’s restricted stock units in iHeartMedia (IHRT) structured?
Did the iHeartMedia (IHRT) CFO increase or decrease his overall holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.