Company: IHETW
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001400891-25-000022
Chunk: 52

Company: iHeartMedia, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 52
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 EBITDA metric, a one-year cost savings metric, and a metric tied to the reorganization of the Company's advertising sales organization to best serve clients and drive results. A relative TSR modifier will be applied to the PSUs tied to the Adjusted EBITDA and cost savings measures, such that the number of PSUs earned could be increased or decreased by up to +/- 25% depending on our relative TSR performance during the three-year performance period. The Compensation Committee believes the continued emphasis on performance-based awards aligns with our pay for performance compensation principles.

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2022 PSU Awards Earned in 2025

The Company granted PSUs in 2022 to our executives that could be earned in an amount ranging from 0% to 150% of the target number of awarded PSUs based on the Company’s Relative TSR attained during the performance period, the achievement of Adjusted EBITDA performance and achievement of human capital performance metrics. The following table summarizes our performance compared to each measure. Based on our performance, only 15.3% of each PSU award was earned reflecting the rigor of the performance goals. The earned PSUs will not vest until May 9, 2025, subject to each NEO’s continued employment.

|                               |     | Threshold 50% |     | Target 100% |     | Maximum 150% |     | 2022-2024 Actual |     | Achievement |     | Weighting |
| Relative TSR Percentile       |     |           25% |     |         50% |     |          75% |     |               7% |     | —%          |     | 50%       |
| Adjusted EBITDA (in millions) |     |        $2,542 |     |      $3,177 |     |       $3,812 |     |           $2,353 |     | —%          |     | 25%       |
| Human Capital                 |     |       5.0 ppt |     |    10.0 ppt |     |     15.0 ppt |     |          6.1 ppt |     | 61.0%       |     | 25%       |

#### Benefits and Perquisites
Each of the NEOs is entitled to participate in all employee benefit and retirement plans, as well as all group health, hospitalization, disability and other insurance and employee welfare benefit plans in which other similarly situated employees may