Form 4: iHeartMedia Executive Michael McGuinness Reports Stock Transactions
SEC Form 4 Filing
EVP-Finance & Deputy CFO of iHeartMedia, Michael McGuinness, reports acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- On February 25, 2025, Michael McGuinness, EVP-Finance & Deputy CFO of iHeartMedia, Inc., acquired 29,166 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
- On the same date, McGuinness disposed of 10,515 shares and 18,651 shares of Class A Common Stock at $2.2 for tax purposes.
- On May 18, 2025, McGuinness disposed of 28,900 shares of Class A Common Stock at $1.24 for tax purposes.
- Following these transactions, McGuinness directly owns 457,452 shares of Class A Common Stock and 58,334 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, primarily related to RSU vesting and tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their potential impact on the company's stock.
Stakeholder Impact
- Shareholders can use this information to understand executive compensation and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 02/25/2024 | Original grant date of 87,500 total RSUs, vesting in three annual installments. |
| 02/25/2025 | Acquisition of 29,166 shares via RSU vesting; disposal of 10,515 and 18,651 shares for tax purposes. |
| 05/18/2025 | Disposal of 28,900 shares for tax purposes. |
| 05/20/2025 | Date of signature for the Form 4 filing. |
Keywords
iHeartMedia, Michael McGuinness, Class A Common Stock, Restricted Stock Units, RSU, Form 4, SEC, Beneficial Ownership, Insider Trading
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