Form 4: iHeartMedia Executive Michael McGuinness Reports Share Transaction
SEC Form 4 Filing
EVP-Finance & Deputy CFO of iHeartMedia, Michael McGuinness, reports a transaction involving Class A Common Stock on May 18, 2024.
Summary
- Michael McGuinness, EVP-Finance & Deputy CFO of iHeartMedia, reported a transaction on May 18, 2024.
- The transaction involved the withholding of 22,024 Class A Common Stock shares for taxes upon the vesting of restricted stock units.
- The price per share was $1.21.
- Following the transaction, McGuinness directly owns 385,512 shares of iHeartMedia Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations on vested stock units. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's confidence in the company's performance.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders as it involves a small percentage of shares being withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/18/2024 | Date of the stock transaction (shares withheld for taxes). |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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