Form 4: iHeartMedia Director Samuel Englebardt Reports Acquisition of Class A Common Stock

Director Samuel Englebardt reports acquisition of iHeartMedia Class A Common Stock through deferred stock units.

Summary

• On May 13, 2025, Samuel Eli Englebardt, a director of iHeartMedia, Inc., reported the acquisition of 121,951 shares of Class A Common Stock at a price of $1.23 per share.
• These shares were acquired as deferred stock units (DSUs) in lieu of cash compensation.
• Englebardt also acquired another 121,951 shares of Class A Common Stock as DSUs, with vesting occurring on the earlier of May 13, 2026, or the company's 2026 annual meeting of stockholders.
• Settlement of the DSUs is deferred until 45 days after separation from service, a change in control, death, or disability.
• Following these transactions, Englebardt directly owns 655,128 shares of iHeartMedia Class A Common Stock.
• Englebardt has granted a Limited Power of Attorney to Sean Fitzpatrick, Scott Hamilton, David Hillman, and Michael McGuinness for Section 16 reporting obligations.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock acquisitions by a director. The acquisition itself could be seen as mildly positive, but the document is primarily informational.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance, but it does outline the vesting and settlement terms for the deferred stock units.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the ownership stake of company directors.

Comparison to Industry Standards

• Insider transactions are a common occurrence in publicly listed companies like iHeartMedia.
• Comparable companies such as Audacy and Cumulus Media also have similar reporting requirements for their executives and directors.
• The use of deferred stock units (DSUs) as compensation is a standard practice to align the interests of executives with those of shareholders.

Stakeholder Impact

• The reported transactions may have a minor positive impact on shareholder sentiment, as they indicate a director's investment in the company.

Key Dates

Keywords

iHeartMedia, Samuel Englebardt, Class A Common Stock, Deferred Stock Units, DSUs, Director, Form 4, Beneficial Ownership, Securities Exchange Act, Power of Attorney