iHeartMedia (IHRT) CFO uses 115,678 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iHeartMedia, Inc. CFO Michael B. McGuinness reported a tax-related share disposition tied to equity compensation. On May 18, 2026, 115,678 shares of Class A Common Stock were withheld at $5.18 per share to cover tax obligations upon vesting of restricted stock units. After this withholding, he directly owned 642,183 shares, indicating this was a compensation and tax-settlement event rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCGUINNESS MICHAEL B
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock, par value $0.001 per share | 115,678 | $5.18 | $599K |
Holdings After Transaction:
Class A Common Stock, par value $0.001 per share — 642,183 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 115,678 shares
Withholding share value: $5.18 per share
Shares held after transaction: 642,183 shares
3 metrics
Shares withheld for taxes
115,678 shares
Withheld on May 18, 2026 for RSU tax liability
Withholding share value
$5.18 per share
Valuation used for tax-withholding disposition
Shares held after transaction
642,183 shares
Direct Class A holdings after tax withholding
Key Terms
restricted stock units, tax-withholding disposition, Class A Common Stock
3 terms
restricted stock units financial
"shares withheld for taxes upon vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition to cover tax liability"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Class A Common Stock financial
"Class A Common Stock, par value $0.001 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did iHeartMedia (IHRT) report for its CFO?
iHeartMedia CFO Michael B. McGuinness reported a tax-related share disposition. On May 18, 2026, 115,678 Class A shares were withheld to satisfy taxes on vesting restricted stock units, rather than sold in the open market.
Was the iHeartMedia (IHRT) CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 identifies it as a tax-withholding disposition, where 115,678 shares were delivered back to cover taxes upon vesting of restricted stock units instead of being sold in the market.