Company: IHETW
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001400891-25-000022
Chunk: 44

Company: iHeartMedia, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 44
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 program consists of fixed and variable pay, including cash and non-cash components. Further detail on each of these compensation elements is provided below.

#### Base Salary
Base salaries are intended to attract and compensate high-performing and experienced leaders and are determined based on performance, scope of responsibility and experience, with reference made to relevant competitive market data. Base salaries for executive officers are reviewed on an annual basis and at the time of contract renewal, promotion or other changes in responsibilities.

The following table sets forth the base salaries for each of our NEOs. Messrs. Pittman and Bressler had no change to their salaries from 2023, and Mr. McGuinness's base salary increased by 8.8% on January 1, 2024, per the terms of his employment agreement.

|                       |     | Salary as of 
   12/31/2024 |
| Robert W. Pittman     |     |   $1,800,000 |
| Richard J. Bressler   |     |   $1,800,000 |
| Michael B. McGuinness |     |     $925,000 |

#### Short-Term Cash Incentives
2024 Annual Incentive Plan

The Annual Incentive Plan is an important part of our compensation program that emphasizes pay for performance by aligning annual cash compensation with financial and operational achievements, incentivizing our NEOs to drive operating performance that supports long-term stockholder value creation.

All of the NEOs were measured by the same metrics in 2024, with a continued goal of creating consistency and alignment in executing against our key financial and strategic goals. The Committee determined there would be no increases to target bonus opportunity this year for the NEOs. The target bonuses for our NEOs were: For each of Messrs. Pittman and Bressler, 225% of their annual base salaries, and, with respect to Mr. McGuinness, 125% of his annual base salary.

Funding under the 2024 Annual Incentive Plan was based on the following metrics and weightings:

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| Adjusted EBITDA                                                                                                         
 A non-GAAP profit metric used to analyze true operating cash flow.                                                      |     | Adjusted Free Cash Flow                                                                                                                                   
 Measure of cash generated in a given year available for use in strategic investments to grow our business or otherwise generate returns for stockholders. |
| Corporate Responsibility, Human Capital and Strategic Objectives                                                        
 Measure of progress on goals related