PITTMAN ROBERT W 4

What Happened

• Robert W. Pittman, Chairman & CEO of iHeartMedia, reported vesting/exercise activity on Feb 25, 2026. The filing shows 256,667 derivative units (reported as exercise/conversion) tied to restricted stock units (RSUs) and several dispositions/withholdings to satisfy tax obligations. Reported tax-related disposals total 306,671 shares at $3.17 per share (110,008; 50,004; and 146,659) for aggregate proceeds/withholdings of about $972,147.

Key Details

• Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (appears timely).
• Reported entries:
  • Exercise/conversion of 256,667 RSU-related units (derivative entry M).
  • Withheld/disposed: 110,008 shares @ $3.17 = $348,725 (F — cash-settled RSU tax withholding).
  • Withheld/disposed: 50,004 shares @ $3.17 = $158,513 (F — tax withholding).
  • Disposition to issuer: 146,659 shares @ $3.17 = $464,909 (D — shares withheld for taxes).
• Shares owned after transaction: not specified in the summary lines of the filing. The filing notes certain shares are held by Pittman CC, LLC (Pittman controls the LLC and disclaims beneficial ownership except for pecuniary interest) (F5).
• Footnotes: F1–F4 clarify these were restricted stock units (some cash-settled), and the transactions represent tax withholdings or share surrenders upon vesting.

Context

• This was not an open-market sale for investment purposes but routine tax-withholding and settlement activity tied to RSU vesting (including cash-settled RSUs). For retail investors, routine surrender/withholding to cover taxes is common and does not necessarily signal the insider’s buying or selling intent in the market.