Form 4: iHeartMedia Executive Jordan Fasbender Reports Acquisition of Class A Common Stock

Jordan Fasbender, Executive Vice President, Chief Legal Officer and Secretary of iHeartMedia, Inc., reports acquiring 9,943 shares of Class A Common Stock due to the partial satisfaction of performance criteria for previously granted performance stock units.

Summary

• On February 19, 2025, Jordan Fasbender, an executive at iHeartMedia, Inc., acquired 9,943 shares of Class A Common Stock.
• This acquisition was a result of the partial satisfaction of performance criteria for previously granted performance stock units.
• The price per share was $0.
• Following the transaction, Fasbender directly owns 238,145 shares of Class A Common Stock.
• The acquired shares are in the form of restricted stock units (RSUs), each representing a contingent right to receive one share of Class A Common Stock.
• These RSUs will vest in full on May 9, 2025, contingent upon Fasbender's continued service with iHeartMedia.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive is generally a good sign, but it's part of a pre-existing compensation plan, so it's not necessarily indicative of a major shift in sentiment.

Positives

• The acquisition of shares by a high-ranking executive could be interpreted as a positive signal regarding their confidence in the company's future performance.

Future Outlook

The RSUs will vest in full on May 9, 2025, subject to the Reporting Person's continued service with the Issuer.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This filing indicates an executive's acquisition of company stock, which can be viewed in the context of overall executive compensation and alignment with shareholder interests.

Stakeholder Impact

• The acquisition of shares by an executive could have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

iHeartMedia, Jordan Fasbender, Class A Common Stock, restricted stock units, RSUs, Form 4, beneficial ownership, securities