Form 4: iHeartMedia Executive Jordan Fasbender Reports Stock Transactions

Jordan Fasbender, Executive Vice President, General Counsel and Secretary of iHeartMedia, reports transactions involving Class A Common Stock and Restricted Stock Units.

Summary

• On May 18, 2024, Jordan Fasbender, an executive at iHeartMedia, engaged in several transactions involving the company's Class A Common Stock.
• These transactions included the withholding of shares for taxes upon the vesting of stock-settled restricted stock units, the vesting of cash-settled RSUs, and the withholding of cash equivalent amounts for taxes upon the vesting of cash-settled restricted stock units.
• Fasbender acquired 12,957 shares through the vesting of Restricted Stock Units.
• Following these transactions, Fasbender directly owns 230,839 shares of Class A Common Stock.
• The price per share for the transactions is reported as $1.21.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by an executive.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates