Hillman David 4

What Happened David Hillman, Executive Vice President, Chief Legal Officer and Secretary of iHeartMedia (IHRT), was granted 109,649 restricted stock units (RSUs) on February 17, 2026. The award was recorded at $0.00 cash paid (stock-settled). Each RSU represents a contingent right to one share of Class A common stock; the award is not a market purchase or sale but a compensation grant.

Key Details

• Transaction date: 2026-02-17; filing date: 2026-02-19 (Form 4 filed timely).
• Grant: 109,649 RSUs; reported acquisition price: $0.00 (stock-settled award).
• Vesting: RSUs vest as to one-third of the total on each of the first three anniversaries of February 17, 2026, subject to continued service.
• Shares owned after transaction: not disclosed in the filing.
• Footnote: RSUs are stock-settled and each converts to one share upon vesting.

Context This was an equity compensation grant (award), a routine form of executive pay, not a cash purchase or sale. Such RSU grants reflect retention/compensation policies rather than an immediate insider market signal; the awards only convert to actual shares as they vest.