Form 4: iHeartMedia Executive Richard J. Bressler Reports Stock Transactions

Richard J. Bressler, a director and officer of iHeartMedia, Inc., reported the vesting and disposal of restricted stock units and associated tax withholding.

Summary

• Richard J. Bressler, an officer and director at iHeartMedia, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's Class A Common Stock.
• On May 18, 2024, Bressler vested 141,099 restricted stock units (RSUs), which are cash-settled and represent the right to receive cash equal to the fair market value of one share of Class A common stock on the vesting date.
• Concurrently, Bressler disposed of 60,475 shares to cover tax obligations at a price of $1.21 per share and disposed of 80,624 shares.
• Following these transactions, Bressler directly owns 2,992,734 shares of Class A Common Stock, including shares and RSUs subject to vesting and performance conditions, and 282,199 RSUs.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the executive's stock ownership.

Future Outlook

The RSUs vest as to one-third of the total RSUs on each of the first three anniversaries of May 18, 2023.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the executive's holdings, but the overall impact is likely minimal.

Key Dates