iHeartMedia (IHRT) director logs 275,468-share family gift moves
Rhea-AI Filing Summary
iHeartMedia director Robert B. Millard reported a bona fide gift reallocation of 137,734 Class A shares on July 29, 2026, as GRAT Three distributed its remainder interest to a limited liability company in which his spouse is managing member and family members hold a pecuniary interest. Reported positions now include 137,734 shares held indirectly via that LLC, 583,801 indirectly via a revocable trust, 761,477 indirectly via another GRAT, and 284,672 deferred stock units held directly in lieu of cash compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
275,468 shares gifted
Gift
5 txns
Insider
MILLARD ROBERT B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock, par value $0.001 per share F1 | 137,734 | $0.00 | $0.00 |
| Gift | Class A Common Stock, par value $0.001 per share F1 | 137,734 | $0.00 | $0.00 |
| holding | Class A Common Stock, par value $0.001 per share F2 | -- | -- | -- |
| holding | Class A Common Stock, par value $0.001 per share F2 | -- | -- | -- |
| holding | Class A Common Stock, par value $0.001 per share F3 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock, par value $0.001 per share — 0 shares (Indirect, By GRAT Three);
Class A Common Stock, par value $0.001 per share — 137,734 shares (Indirect, By LLC);
Class A Common Stock, par value $0.001 per share — 583,801 shares (Indirect, By Revocable Trust);
Class A Common Stock, par value $0.001 per share — 761,477 shares (Indirect, By GRAT Five);
Class A Common Stock, par value $0.001 per share — 284,672 shares (Direct)
Footnotes (3)
- F1. Reflects a transfer of Class A Common Stock, pursuant to the distribution of the remainder interest in GRAT Three, due to its termination, to a limited liability company in which the reporting person's spouse serves as managing member and in which the reporting person's family members hold a pecuniary interest.
- F2. Reflect transfers exempt from reporting pursuant to Rule 16a-13.
- F3. Represents deferred stock units ("DSUs") in lieu of cash compensation. Each DSU represents a contingent right to receive one share of Class A Common Stock.
Key Figures
Gifted shares from GRAT Three: 137,734 shares
Family LLC indirect holdings: 137,734 shares
Revocable Trust indirect holdings: 583,801 shares
+3 more
6 metrics
Gifted shares from GRAT Three
137,734 shares
Bona fide gift transfer on July 29, 2026 from GRAT Three to family LLC
Family LLC indirect holdings
137,734 shares
Indirect Class A holdings by limited liability company after the gift transfer
Revocable Trust indirect holdings
583,801 shares
Indirect Class A holdings reported as held by a revocable trust
GRAT Five indirect holdings
761,477 shares
Indirect Class A holdings reported as held by GRAT Five
Deferred stock units
284,672 units
Directly held DSUs, each representing a contingent right to one Class A share
Total shares in gift transactions
275,468 shares
Aggregate Class A shares involved in bona fide gift entries in this Form 4
Key Terms
bona fide gift, GRAT, Rule 16a-13, deferred stock units, +1 more
5 terms
bona fide gift regulatory
"transaction code G is described with the transaction code description Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
GRAT financial
"distribution of the remainder interest in GRAT Three due to its termination"
Rule 16a-13 regulatory
"Reflect transfers exempt from reporting pursuant to Rule 16a-13"
deferred stock units financial
"Represents deferred stock units in lieu of cash compensation"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
remainder interest financial
"pursuant to the distribution of the remainder interest in GRAT Three"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did IHRT director Robert B. Millard report?
Robert B. Millard reported a bona fide gift reallocation of 137,734 iHeartMedia Class A shares on July 29, 2026. The shares moved from GRAT Three to a family limited liability company managed by his spouse and owned by family members.
What are Robert B. Millard’s indirect IHRT holdings after this Form 4?
Indirect holdings include 137,734 shares via a family LLC, 583,801 shares via a revocable trust, and 761,477 shares via another GRAT. Footnotes note some related transfers were exempt from reporting under Rule 16a-13.
What direct iHeartMedia (IHRT) holdings does Robert B. Millard report?
He reports 284,672 deferred stock units held directly. Each unit represents a contingent right to receive one share of Class A Common Stock, awarded in lieu of cash compensation according to the footnote description.
Were the IHRT insider transactions reported under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox is not marked, so the transactions are not designated as made under a Rule 10b5-1 trading plan. The filing instead describes the movement as bona fide gifts and exempt transfers.