secwatch.observer — SEC 8-K summary
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Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2022-05-13T23:59:59+00:00
Accession:  0001193125-22-150130
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iHeartMedia awards 326k RSUs and 304k PSUs to CEO Pittman and CFO Bressler each
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000119312522150130/0001193125-22-150130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000119312522150130/d278181d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-150130

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer