BRESSLER RICHARD J 4

What Happened
Richard J. Bressler, President and Chief Operating Officer of iHeartMedia (IHRT), was granted a total of 3,458,946 restricted stock units (RSUs) on February 17, 2026 (reported Feb 19, 2026). The award lines show acquisitions at $0.00 (grant/award code A). The grants break down into 1,727,604 stock-settled RSUs (each convertible into one share of Class A common stock) and 1,731,342 cash-settled RSUs (each payable in cash equal to the share price at vesting). No cash changed hands at grant.

Key Details

• Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (timely within the 2-business-day window).
• Total RSUs granted: 3,458,946 (acquired at $0.00).
  • Stock-settled RSUs (convert to shares): 949,306 (vests in full May 18, 2026); 278,298 (vests in full Feb 20, 2028); 500,000 (vests 1/3 on each of the first three anniversaries beginning Feb 17, 2026).
  • Cash-settled RSUs (paid in cash at vesting): 387,668 (vests in full May 18, 2026); 674,083 (vests in full Feb 20, 2028); 669,591 (vests 1/3 on each of the first three anniversaries beginning Feb 17, 2026).
• Footnotes: grants reflect satisfaction (full or partial) of prior performance stock/unit awards and standard service-based vesting conditions.
• Shares owned after the transaction: not provided in the supplied data.
• Filing includes Exhibit 24 (Power of Attorney). Transaction code A = award/grant.

Context

• Stock-settled RSUs, if they vest, will be settled in Class A shares; cash-settled RSUs pay an amount equal to the stock’s fair market value at vesting. Both types are contingent on performance/service and vest on the dates above.
• This is an insider award (not a purchase or sale) and does not by itself indicate an immediate buy/sell market signal; value to the insider depends on future vesting and stock price.