Form 4: iHeartMedia CFO Richard J. Bressler Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Richard J. Bressler, CFO of iHeartMedia, disposed of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On February 25, 2025, Richard J. Bressler, the CFO of iHeartMedia, disposed of 50,004 shares of Class A Common Stock to cover tax obligations.
- The shares were disposed of at a price of $2.2 each.
- Following the transaction, Bressler directly owns 3,517,764 shares of iHeartMedia.
- The transaction was reported on February 27, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by an insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an insider's stock disposal for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of transaction: Disposal of shares for tax obligations. |
| 02/27/2025 | Date of report filing. |
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