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iHeartMedia, Inc.·4

May 20, 7:10 PM ET

BRESSLER RICHARD J 4

Research Summary

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Updated

iHeartMedia President Richard Bressler Exercises/Settles RSUs

What Happened

  • Richard J. Bressler, President & COO and a director of iHeartMedia (IHRT), had restricted stock units (RSUs) vest on May 18, 2026 and recorded exercise/conversion of 528,768 derivative units. To satisfy taxes and related obligations, a total of 1,083,733 shares were disposed/withheld across multiple transactions at $5.18 per share, representing cash/stock used to cover tax and exercise liabilities totaling $5,613,737. The filing shows a mix of cash-settled RSUs and shares withheld.

Key Details

  • Transaction date: May 18, 2026; Form 4 filed May 20, 2026 (timely filing — within the usual two-business-day window).
  • Reported disposal prices: $5.18 per share for the reported withholding/dispositions.
    • 226,630 shares (payment of tax liability) — $1,173,943
    • 302,138 shares (disposition to issuer / share withholding) — $1,565,075
    • 554,965 shares (payment of tax liability) — $2,874,719
    • Exercise/conversion reported for 528,768 derivative units (M code)
  • Shares owned after the transactions: the provided excerpt does not show the exact post-transaction beneficial ownership total; the filing notes (F2) a prior Form 4 had an immaterial computational error and that the current filing reflects the corrected holdings.
  • Footnotes:
    • F1: The RSUs were cash-settled (each RSU paid an amount equal to the fair market value of one share on vesting).
    • F3: Some amounts are cash-equivalent withholdings for taxes on cash-settled RSUs.
    • F4: Some shares were withheld to cover taxes on RSU vesting.
    • F2: Correction to a prior Form 4’s holdings calculation.

Context

  • This filing reflects RSU vesting and routine tax-withholding/settlement activity (cash-settled RSUs and share withholding), not an open-market investment purchase. For derivative code M, the filing shows conversion/exercise activity followed by withholdings or cash settlement to satisfy tax/exercise obligations. Such transactions are commonly tax-related and do not by themselves indicate insider sentiment about the company’s stock price.