Form 4: iHeartMedia CEO Robert Pittman Reports Stock Transaction
SEC Form 4 Filing
Robert Pittman, Chairman and CEO of iHeartMedia, reports a transaction involving Class A Common Stock related to tax withholding upon vesting of restricted stock units.
Summary
- On February 25, 2025, Robert W. Pittman, Chairman and CEO of iHeartMedia, Inc., reported a transaction involving Class A Common Stock.
- 50,004 shares were disposed of to cover taxes upon the vesting of restricted stock units at a price of $2.2 per share.
- Following the transaction, Pittman directly owns 4,041,389 shares of Class A Common Stock.
- Pittman also indirectly owns 21,732 shares through Pittman CC, LLC.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider transactions and does not inherently convey positive or negative sentiment.
Industry Context
This is a routine filing related to insider transactions. It is common for executives to have shares withheld to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of the stock transaction (disposal of shares for tax withholding). |
| 02/27/2025 | Date of signature on the Form 4 filing. |
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