Form 4: iHeartMedia Executive Jordan Fasbender Reports Stock Transaction
SEC Form 4 Filing
Jordan Fasbender, Executive Vice President, Chief Legal Officer and Secretary of iHeartMedia, Inc., reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On February 25, 2025, Jordan Fasbender, an executive at iHeartMedia, Inc., reported a transaction involving Class A Common Stock.
- The transaction involved the disposition of 15,150 shares at a price of $2.2 per share.
- This disposition was related to shares withheld for taxes upon the vesting of restricted stock units.
- Following the transaction, Fasbender directly owns 222,995 shares of iHeartMedia, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a common practice of executives covering tax obligations through stock dispositions upon vesting of restricted stock units.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of the stock transaction (disposition of shares). |
| 02/27/2025 | Date of signature on the Form 4 filing. |
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