---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-087482"
form_type: "8-K"
ticker: "IHRT"
cik: "0001400891"
company_name: "iHeartMedia, Inc."
filed_at: "2022-03-29T23:59:59+00:00"
generated_at: "2026-06-26T14:35:08.152450+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# iHeartMedia extends CEO & CFO employment to 2026; base salary to $1.8M, sign-on PSUs worth $12.5M

## Summary
- Employment terms extended to June 1, 2026 for CEO Robert Pittman and COO/CFO Richard Bressler; base salaries increase to $1.8M effective Jan 1, 2023.
- Target annual bonus set at 225% of base salary for 2023 onward; annual equity award expected at $8M grant-date fair value per year.
- Sign-on PSU awards: $6.5M (Pittman) and $6.0M (Bressler) contingent on absolute TSR goals over a 5-year period; vest on 5th anniversary.
- Retirement eligible after June 1, 2026 for pro-rated bonus; non-compete covenant for 18 months post-employment.

## SEC filing metadata
- accession: 0001193125-22-087482
- form_type: 8-K
- ticker: IHRT
- cik: 0001400891
- company_name: iHeartMedia, Inc.
- filed_at: 2022-03-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1400891/000119312522087482/0001193125-22-087482-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1400891/000119312522087482/d319032d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-087482
- JSON: https://secwatch.observer/filing/0001193125-22-087482.json
- Plain text: https://secwatch.observer/filing/0001193125-22-087482.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.