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iHeartMedia, Inc.·4

Feb 19, 5:38 PM ET

MCGUINNESS MICHAEL B 4

Research Summary

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Updated

iHeartMedia (IHRT) CFO Michael B. McGuinness Receives 504,472 RSUs

What Happened Michael B. McGuinness, CFO of iHeartMedia (IHRT), was awarded a total of 504,472 restricted stock units (RSUs) on February 17, 2026. The awards were granted at $0.00 (i.e., as compensation awards, not purchases) and consist of both stock‑settled and cash‑settled RSUs. Breakdown: 166,128 RSUs; 59,523 RSUs; 109,649 RSUs (stock‑settled) and 59,523 RSUs; 109,649 RSUs (cash‑settled) — totaling 335,300 stock‑settled RSUs and 169,172 cash‑settled RSUs. Several of the RSUs reflect conversion from previously granted performance stock units (PSUs) after satisfaction (in full or in part) of performance criteria.

Key Details

  • Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (filed within the typical two-business-day Form 4 window).
  • Price: $0.00 per unit (award/grant).
  • Total units granted: 504,472 (335,300 stock‑settled RSUs; 169,172 cash‑settled RSUs).
  • Vesting / conversion notes:
    • 166,128 RSUs (converted from PSUs) vest in full on May 18, 2026, subject to continued service (F1).
    • 59,523 RSUs (converted from PSUs) vest in full on February 20, 2028 (F2).
    • 109,649 stock‑settled RSUs vest one‑third on each of the first three anniversaries of February 17, 2026 (F3).
    • 59,523 cash‑settled RSUs (partial PSU satisfaction) vest in full on February 20, 2028 (F4).
    • 109,649 cash‑settled RSUs vest one‑third on each of the first three anniversaries of February 17, 2026 (F5).
  • Shares owned after the transaction: not specified in the provided excerpt of the filing.
  • Filing timeliness: filing date (Feb 19) is within the usual two-business-day Form 4 filing window for a Feb 17 transaction (no late filing flag indicated).

Context

  • Stock‑settled RSUs: each represents a contingent right to receive one share of Class A common stock upon vesting (subject to service and/or performance conditions).
  • Cash‑settled RSUs: each represents a contingent right to receive a cash payment equal to the fair market value of one share on the vesting date (these are derivative/cash-settled awards).
  • These awards are compensation events (not open‑market purchases or sales) and do not, by themselves, imply buying or selling sentiment by the insider.