Company: IHETW
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001400891-25-000022
Chunk: 36

Company: iHeartMedia, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 36
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 Say-on-Pay Vote and 2024 Say-on-Pay Vote

At our 2023 Annual Meeting of Stockholders, held on May 18, 2023, our stockholders recommended, and our Board of Directors determined, that the stockholder vote on the compensation of our NEOs would occur every year. Accordingly, we expect that the next say-on-pay vote, after the Annual Meeting, will be held at our 2026 annual meeting of stockholders. At our 2024 annual meeting of stockholders, 81% of the votes cast on the say-on-pay proposal were voted “for” the proposal.

#### Board Recommendation
| Our Board unanimously recommends a vote “FOR” the resolution to approve, on an advisory (non-binding) basis, the compensation of our NEOs, as disclosed in the executive compensation section, the accompanying compensation tables and related narrative disclosure of this proxy statement. |

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#### EXECUTIVE COMPENSATION

#### A MESSAGE FROM THE COMPENSATION COMMITTEE
Dear Fellow Stockholders,

On behalf of iHeartMedia's entire Board of Directors and the members of the Compensation Committee, we thank you for your continued investment in our Company and your support of our management team during this year of significant strategic importance. As members of the Compensation Committee, we have taken a thoughtful approach to ensuring that our executive compensation program aligns with our business strategy, drives value for our stockholders and appropriately and effectively incentivizes our senior management team. Our program continues to feature a significant percentage of compensation that is directly tied to our financial performance and other key strategic measures and rewards achievement of business results using pay for performance strategies and ensuring best practices and strong corporate governance.

Business and strategic highlights from this past year include:

• Transforming our capital structure through the exchange of approximately $4.8 billion (or 92%) of the Company’s aggregate principal amount of outstanding debt, resulting in the extension of the vast majority of its debt maturities by three years, while also reducing the Company’s total debt balance (the "Debt Exchange Transaction").

• Generating an expected $150 million of net annual cost savings in 2025 by effective capital management and cost efficiencies through modernization.

• Generating year-over-year increases for both consolidated revenue and Adjusted EBITDA, as well as continued growth in digital, including podcasting, and expanding our industry leading position in content and distribution across broadcast radio, streaming digital radio, podcasts and live events.

Our Compensation Committee, along with senior