Company: IHETW
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001400891-25-000022
Chunk: 70

Company: iHeartMedia, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 70
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 based on the actual, target or the greater of target or actual performance, as applicable, through the consummation of such Change in Control, and such earned PSUs will vest on the earlier of (i) the third anniversary of the applicable grant date, (ii) the applicable executive’s Qualifying Termination or (iii) the applicable executive’s termination of employment due to death, disability or (with respect to Messrs. Pittman and Bressler) the executive’s retirement.

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Time-Vesting RSUs Granted on May 9, 2022, in 2023, 2024 and debt PSUs Granted in 2024. Each of our Named Executive Officers were granted a number of time-based RSUs under the 2021 Plan on May 9, 2022 and in 2023 and 2024. In addition, Messrs. Pittman and Bressler were granted debt PSUs in 2024 that achieved their performance goal in 2024, and therefore for purposes of this discussions are treated as time-vesting RSUs.

Upon the applicable executive’s Qualifying Termination prior to a Change in Control, then:

• with respect to Messrs. Pittman and Bressler, the executive’s RSUs will vest in full as of the applicable termination date and be settled on the original vesting date; and

• with respect to Mr. McGuinness, a portion of the executive’s RSUs that would have vested on the next scheduled RSU vest date, prorated to reflect the number of days the executive was in service with iHeartMedia during such vesting period (with respect to the RSUs granted in 2024, taking into account any additional service-vesting credit), will vest as of the termination date and be settled on the original vesting date; provided, however , that with respect to the 2024 RSUs if a Change in Control occurs within ninety days following the date of Mr. McGuinness' Qualifying Termination and prior to the third anniversary of the date of grant, the RSUs that remain unvested following the pro-rata vesting described above will vest immediately prior to the Change in Control.

If an executive’s Qualifying Termination occurs following a Change in Control or due to the executive’s death or disability, then the executive’s RSUs will vest in full and be settled in connection with such Qualified Termination.

With respect to Messrs. Pittman and Bress