Company: IHETW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001400891-25-000009
Chunk: 163

Company: iHeartMedia, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 163
---
13 Expired(208)16.56 Outstanding, December 31, 20246,970 16.21 2.1 yearsExercisable6,901 16.18 2.0 yearsExpected to Vest69 19.36 6.3 yearsA summary of the Company's unvested options and changes during the year ended December 31, 2024 is presented below:(In thousands, except per share data)OptionsWeighted Average Grant Date Fair ValueUnvested, January 1, 2024639 $5.99 Granted— Vested(1)(559)5.44 Forfeited(11)6.76 Unvested, December 31, 202469 10.37 (1)The total fair value of the options vested during the year ended December 31, 2024 was $3.0 million.Restricted Stock Units (“RSUs”)RSUs and Performance RSUs (representing one share of the Company's Class A common stock) may be issued under the 2019 Plan and 2021 Plan. Each RSU awarded to a participant, both under the 2019 Plan and the 2021 Plan, will be credited with dividends paid in respect of one share of common stock (“Dividend Equivalents”). Dividend Equivalents will be withheld by the Company for the participant’s account, and interest may be credited on the amount of cash Dividend Equivalents withheld at a rate and subject to such terms as determined by the Committee. Dividend Equivalents credited to a participant’s account and attributable to any particular RSU (and earnings thereon, if applicable) shall be distributed to the participant upon settlement of such RSU and, if such RSU is forfeited, the participant shall have no right to such Dividend Equivalents. RSUs vest subject to continued service over time.

90

IHEARTMEDIA, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Performance RSUs generally vest upon the achievement of certain total stockholder return goals, Adjusted EBITDA goals, Social Responsibility goals, and continued service. The majority of these awards are measured over an approximately 1-year to 3-year period from the date of issuance.The following table presents a summary of the Company's RSUs outstanding and RSU activity as of and during the year ended December 31, 2024 (“Price” reflects the weighted