MILLS CHERYL D 4

What Happened Cheryl D. Mills, a director of iHeartMedia, was granted 35,629 deferred stock units (DSUs) on June 4, 2026. The units were reported as acquired at $0.00 (no immediate cash paid); the filing shows this as an award/grant (transaction code A). This is a director compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-04; Form 4 filed 2026-06-05 (timely filing).
• Transaction type/code: Award/Grant (A).
• Units granted: 35,629 DSUs; reported acquisition price $0.00 (total reported value $0).
• Shares owned after transaction: Not disclosed in this filing.
• Vesting/settlement (per footnote F1): each DSU represents a contingent right to one share of Class A common stock; DSUs vest in full on the earlier of June 4, 2027 or the Company’s 2027 annual meeting. Settlement is deferred until within 45 days after the earliest of (i) the reporting person’s separation from service, (ii) a change in control, (iii) the reporting person’s death, or (iv) the reporting person’s disability.
• Filing timeliness: filed the next day (no late-filing indicator).

Context DSUs are a form of deferred compensation for directors: they do not represent immediate stock ownership or an open-market purchase and are paid out (converted to shares) only after vesting and a later settlement event. Such grants are common for board compensation and do not, by themselves, indicate insider buying or selling behavior.