Company: IHETW
Filing Date: 2025-04-28
Form Type: DEFA14A
Source: 0001193125-25-100509
Chunk: 2

Company: iHeartMedia, Inc.
Filing Date: 2025-04-28
Form: DEFA14A
Chunk 2
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 based on our strategy, relentless focus on execution and continued partnership with our stakeholders Ø The Company continues to operate in a rapidly changing broadcasting landscape, where challenging market conditions have put pressure on business performance Strong Pay-for-Performance Alignment Reflecting Ø 2024 compensation outcomes demonstrate accountability and alignment with performance: over the Stockholder Experience last three years, CEO’s bonus payout has averaged 55% of target and the most recently completed three-year cycle (2022-2024) of performance share units (PSUs) paid out at 15% of target Ø Continuing to strengthen our executive compensation program through structural changes: • Increased performance-based weighting of the CEO & President’s LTI awards from 50% to 65% Enhancements to Executive • Introduced a cost-savings metric in our PSU program to help drive financial efficiency, operational Compensation Informed by improvements, and long-term value creation Stockholder Feedback • Added a PSU metric directly linked to the debt refinancing for our CEO & President, reinforcing our primary strategic priority for 2024 and supporting long-term financial stability and capital efficiency Ø Our Board brings a range of skills and experiences to ensure effective oversight of Company strategy Ø At our Annual Meeting, we are nominating a new independent director, Robert Millard, who brings Robust Board Refreshment deep experience with corporate finance, strategic planning and public company board experience and Stockholder EngagementØ During 2024, our Board continued its proactive stockholder engagement program, meeting with nearly 75% of our outstanding shares, reinforcing our commitment to transparency and active dialogue around executive pay, corporate governance, and business strategy matters 3

Transforming an Industry-Leading Business iHeartMedia at a Glance #1 2x 5x Audio media company in the the reach of the largest TV the digital listening hours of the United States based on network and 4x reach of the next largest commercial consumer reach largest ad-enabled broadcast radio company, as streaming audio player measured by Triton Only Company with a total Strategically #1 audio advertising technology Positioned Podcast publisher in the and data solution, providing both in the Podcast Value Chain United States as supply-side and demand-side as a Podcast Publisher measured by Podtrac services for all forms of audio 2024 Business and Strategic Highlights Ø Transformed our capital structure through the exchange of approximately $4.8 billion (or 92%) of the Company’s aggregate principal amount of outstanding debt, and, as a result: Ø Extended the vast majority of debt maturities by three years Ø Reduced the Company’s total