Company: IHETW
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001400891-25-000022
Chunk: 69

Company: iHeartMedia, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 69
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 of grant, the number of PSUs that vest on the date of such Change in Control will not be pro-rated.

With respect to the PSUs granted in 2023, upon the applicable executive's Qualifying Termination following the last day of the performance period but prior to the third anniversary of the date of grant, any PSUs that were previously earned will vest in full as of the termination date.

With respect to the PSUs granted on May 9, 2022 and in 2023, upon a termination due to death or disability, the PSUs will vest at target levels. With respect to the PSUs granted in 2024, upon the applicable executive's termination due to death or disability prior to a Change in Control and prior to the third anniversary of the date of grant, then:

• if such termination occurs on or prior to December 31, 2024, the PSUs will vest at target levels,

• if such termination occurs after December 31, 2024 but prior to January 1, 2027, the PSUs will vest at target levels with respect to “EBITDA” PSUs and at actual performance levels with respect to “earned cost savings” PSUs; or

• if such termination occurs on or after January 1, 2027, the earned PSUs will vest in full, subject to the achievement of the applicable performance goals.

With respect to Messrs. Pittman and Bressler only:

• with respect to the PSUs granted in 2023, if the executive retires on or following June 1, 2026, then his PSUs granted more than one year prior to the date of his retirement will vest at target levels;

• with respect to the PSUs granted in 2024, if the executive retires on or following June 1, 2026 but prior to a Change in Control and prior to the third anniversary of the date of grant, then:

◦ if the executive retires prior to January 1, 2027, the PSUs will vest at target levels with respect to “EBITDA” PSUs and at actual performance levels with respect to “earned cost savings” PSUs; or

◦ if the executive retires on or after January 1, 2027, the earned PSUs will vest in full, subject to the achievement of the applicable performance goals.

In addition, upon a Change in Control the PSUs granted in 2023 and 2024 will be earned