Form 4: iHeartMedia Executive McGuinness Reports Stock Transaction
SEC Form 4 Filing
Michael McGuinness, EVP-Finance & Deputy CFO of iHeartMedia, Inc., reports disposition of shares to cover taxes upon vesting of restricted stock units.
Summary
- On May 9, 2024, Michael B. McGuinness, EVP-Finance & Deputy CFO of iHeartMedia, Inc., reported a transaction involving Class A Common Stock.
- The transaction involved the disposition of 9,896 shares at a price of $1.38.
- This disposition was to cover taxes upon the vesting of restricted stock units.
- Following the transaction, McGuinness beneficially owns 407,536 shares of iHeartMedia, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction for tax purposes, indicating a neutral 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 standard tax withholding procedure related to vested stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related stock disposition by an executive.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date of stock transaction |
| 05/10/2024 | Date of signature on the Form 4 filing |
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