PITTMAN ROBERT W 4

What Happened
Robert W. Pittman, iHeartMedia's Chairman and CEO (and a director), was reported on Feb 19, 2026 as receiving awards on Feb 17, 2026 totaling 3,458,946 units. The filing shows six items acquired at $0.00 (grants/awards): 949,306; 278,298; 500,000; 387,668 (derivative); 674,083 (derivative); and 669,591 (derivative). These are a mix of stock-settled restricted stock units (RSUs), cash-settled RSUs (derivative/cash awards), and one reported block of shares held through Pittman CC, LLC. No cash was paid — these are compensation awards rather than open‑market purchases.

Key Details

• Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (timely within the standard 2-business-day reporting window).
• Total units awarded: 3,458,946 (aggregate of the six reported items). Reported price: $0.00 (award/grant).
• Vesting and settlement: Footnotes state some RSUs converted from previously granted performance stock units (PSUs) and will vest on May 18, 2026 or February 20, 2028; other RSUs vest in three equal annual installments beginning Feb 17, 2026. Cash-settled RSUs pay an amount equal to the stock’s fair market value at vesting. All vesting is subject to continued service and, where noted, satisfaction of performance criteria.
• One 500,000-share item represents Class A shares beneficially owned by Pittman CC, LLC; Pittman disclaims beneficial ownership except to the extent of his pecuniary interest (per footnote).
• No sales, tax‑withholding, 10b5‑1 plan, or late‑filing flags are indicated in the summary provided. For full post-transaction beneficial ownership and details, see the complete Form 4 filing (Accession: 0001193125-26-059744).

Context

• These entries are awards/settlement rights (compensation and performance-related grants), not open-market purchases or sales; such grants are common for executive compensation and do not by themselves signal an immediate market trade.
• Stock-settled RSUs convert to Class A shares at vesting; cash-settled RSUs pay cash equal to share value at vesting. Vesting is contingent on continued employment and, for some awards, prior performance targets.
• Because one item reflects shares held via an affiliated LLC, that line reports beneficial interest rather than a new market acquisition by Mr. Pittman personally.