Form 4: iHeartMedia Director Acquires Shares and Deferred Stock Units

Director Samuel Eli Englebardt reports acquisition of iHeartMedia Class A Common Stock and Deferred Stock Units (DSUs).

Summary

• On June 5, 2024, Samuel Eli Englebardt, a director of iHeartMedia, Inc., acquired 145,631 shares of Class A Common Stock at $1.03 per share.
• Englebardt also acquired 145,631 Deferred Stock Units (DSUs) at $0.00, representing a contingent right to receive one share of Class A Common Stock each.
• Following these transactions, Englebardt directly owns 411,766 shares of Class A Common Stock.
• The first set of DSUs vests quarterly, and the second set vests fully on the earlier of June 5, 2025, or the company's 2025 annual meeting of stockholders.
• Settlement of the DSUs is deferred until within 45 days of separation from service, a change in control, death, or disability.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard Form 4 filing indicating insider transactions. The acquisition of shares could be seen as slightly positive, but it's not a major event.

Positives

• Director's acquisition of shares may signal confidence in the company's future prospects.

Future Outlook

Settlement of the DSUs is deferred until within 45 days of the earliest to occur of (i) the Reporting Person's separation from service, (ii) a change in control, (iii) the Reporting Person's death, or (iv) the Reporting Person's disability.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be informative for investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates