Form 4: iHeartMedia Executive Jordan Fasbender Reports Stock Transaction
SEC Form 4 Filing
Executive Vice President, General Counsel and Secretary of iHeartMedia, Jordan Fasbender, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On August 14, 2024, Jordan Fasbender, Executive Vice President, General Counsel and Secretary of iHeartMedia, Inc., reported a transaction involving Class A Common Stock.
- The transaction involved the disposition of 1,879 shares at a price of $1.3 per share to cover taxes upon the vesting of restricted stock units.
- Following the transaction, Fasbender beneficially owns 228,960 shares of iHeartMedia, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes. 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 transaction is related to tax obligations from vesting of restricted stock units, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 08/14/2024 | Date of stock transaction (disposal of shares). |
| 08/15/2024 | Date of signature on the Form 4 filing. |
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