Form 4: Director James A. Rasulo Receives iHeartMedia Equity Grant
Director Equity Grant
Director James A. Rasulo was granted 35,629 restricted stock units in iHeartMedia, Inc. as part of his compensation.
Summary
- Director James A. Rasulo acquired 35,629 restricted stock units (RSUs) of iHeartMedia, Inc. Class A Common Stock.
- The transaction occurred on June 4, 2026.
- The RSUs represent a contingent right to receive one share of Class A Common Stock per unit.
- The units are scheduled to vest in full on the earlier of June 4, 2027, or the date of the 2027 annual meeting of stockholders.
- Following this transaction, the director's total beneficial ownership is 496,902 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing regarding routine director compensation.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standard vesting schedule ensures long-term commitment to the company.
Negatives
- None identified; this is a standard director compensation disclosure.
Risks
- Value of the equity grant is subject to market fluctuations in iHeartMedia's share price.
Future Outlook
The RSUs will vest in full on June 4, 2027, or upon the 2027 annual meeting of stockholders, whichever occurs first.
Industry Context
StockSavvy.ai notes that equity grants to board members are standard corporate governance practices intended to align director incentives with long-term shareholder value in the media and broadcasting sector.
Comparison to Industry Standards
- The grant of RSUs to directors is consistent with standard compensation practices for publicly traded companies in the media industry.
- The one-year vesting period is a common practice for annual director equity awards.
Stakeholder Impact
- Minimal impact on shareholders as this is a standard compensation event.
Next Steps
- Vesting of the 35,629 RSUs on June 4, 2027, or the 2027 annual meeting.
Key Dates
| Date | Description |
|---|---|
| 06/04/2026 | Date of the RSU grant transaction. |
| 06/05/2026 | Date the Form 4 was filed with the SEC. |
| 06/04/2027 | Vesting date for the restricted stock units. |
Keywords
iHeartMedia, IHRT, Form 4, Director Compensation, Restricted Stock Units, Insider Transaction
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