BRESSLER RICHARD J 4
4 · iHeartMedia, Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
iHeartMedia (IHRT) President Richard Bressler Withholds/Surrenders Shares
What Happened
Richard J. Bressler, President and COO of iHeartMedia, had restricted stock units (RSUs) vest on Feb 25, 2026 and related derivative/vesting transactions reported on a Form 4 filed Feb 27, 2026. The filing shows 256,667 RSU-related units converted/exercised and three disposition entries: 110,008 shares withheld for taxes ($3.17/share, $348,725), 146,659 shares surrendered to the issuer ($3.17/share, $464,909), and 50,004 shares withheld for taxes ($3.17/share, $158,513). Total shares disposed/withheld = 306,671 for $972,147. These items reflect routine vesting and tax withholding rather than an open-market sale.
Key Details
- Transaction date: Feb 25, 2026; Form 4 filed Feb 27, 2026 (timely filing).
- Prices and totals: dispositions shown at $3.17 per share; total proceeds/withheld value reported $972,147 (sum of listed amounts).
- Reported derivative activity: 256,667 units listed as an exercise/conversion of a derivative (RSU-related). One derivative line shows a $0.00 price, consistent with conversion/settlement mechanics.
- Footnotes: F1–F4 indicate these were cash-settled restricted stock units that vest over time and that shares were withheld or cash equivalents were withheld to satisfy tax liabilities. F3/F4 specifically note tax withholding and share withholding upon vesting.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing timeliness: filed two days after the transactions (appears timely under Form 4 rules).
Context
These transactions are driven by RSU vesting and tax-withholding mechanics (cash-settled RSUs and/or shares withheld/surrendered to cover taxes), not an intentional open-market sale to raise cash. For retail investors, such withholding/surrenders are routine and do not by themselves indicate the insider’s view on the company’s prospects.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock, par value $0.001 per share
[F1][F2]2026-02-25+256,667→ 5,548,414 total - Tax Payment
Class A Common Stock, par value $0.001 per share
[F3][F2]2026-02-25$3.17/sh−110,008$348,725→ 5,438,406 total - Disposition to Issuer
Class A Common Stock, par value $0.001 per share
[F2]2026-02-25$3.17/sh−146,659$464,909→ 5,291,747 total - Tax Payment
Class A Common Stock, par value $0.001 per share
[F4][F2]2026-02-25$3.17/sh−50,004$158,513→ 5,241,743 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-02-25−256,667→ 256,667 total→ Class A Common Stock (256,667 underlying)
Footnotes (4)
- [F1]Reflects cash-settled restricted stock units ("RSU"). Each RSU represents a contingent right to receive an amount in cash equal to the fair market value of one share of the Issuer's Class A Common Stock on the applicable vesting date. The RSUs shall vest as to one-third of the total RSUs on each of the first three anniversaries of February 25, 2024.
- [F2]Includes shares of Class A Common Stock as well as RSUs subject to time vesting conditions.
- [F3]Transaction represents cash equivalent amounts withheld for taxes upon vesting of cash-settled restricted stock units.
- [F4]Transaction represents shares withheld for taxes upon vesting of restricted stock units.