other material
confidence high
sentiment neutral
materiality 0.55
iHeartMedia awards 326k RSUs and 304k PSUs to CEO Pittman and CFO Bressler each
iHeartMedia, Inc.
- Compensation Committee approved RSUs and PSUs to five named executives; Pittman and Bressler each receive 325,998 RSUs and 303,943 PSUs (target).
- Other executives: McGuinness (81,500 RSUs, 75,986 PSUs), Fasbender (65,200, 60,789), Hamilton (7,500 each).
- PSUs are 50% relative TSR, 25% EBITDA, 25% DE&I metrics; maximum payout 150% of target.
- RSUs vest in one-third increments over three years; accelerated vesting on qualifying termination or change in control.
- At May 10 annual meeting, shareholders elected Mills, Pittman, Rasulo as directors; ratified EY; approved say-on-pay.