Company: IHETW
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001400891-25-000022
Chunk: 68

Company: iHeartMedia, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 68
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double trigger”).

The treatment described above is subject to and conditioned upon the applicable executive’s execution, delivery and non-revocation of a general release within 60 days following the termination date.

Performance RSUs Granted on May 9, 2022, in 2023 and 2024 (other than debt PSUs). Each of our NEOs were granted a number of PSUs under the 2021 Plan on May 9, 2022, in 2023 and in 2024.

With respect to the PSUs granted on May 9, 2022 and in 2023, upon the applicable executive’s Qualifying Termination prior to a Change in Control and prior to the last day of the performance period, then:

• with respect to Messrs. Pittman and Bressler, the PSUs will remain outstanding and eligible to vest in full, subject to the achievement of the applicable performance goals, and will be settled on the original vesting date; and

• with respect to Mr. McGuinness, the PSUs will remain outstanding and eligible to vest with respect to a prorated number of PSUs (i.e., prorated to reflect the number of days the executive was in service during the applicable performance period), and will be settled on the original vesting date.

With respect to the PSUs granted in 2024, upon the applicable executive’s Qualifying Termination prior to a Change in Control and prior to the third anniversary of the date of grant (including if the applicable executive’s Qualifying Termination occurs following December 31, 2026), then:

• with respect to Messrs. Pittman and Bressler, the PSUs will remain outstanding and eligible to vest in full, subject to the achievement of the applicable performance goals, and will be settled on the earlier of the original vesting date and a Change in Control; and

• with respect to Mr. McGuinness , the PSUs will remain outstanding and eligible to vest with respect to a prorated number of PSUs (i.e., prorated to reflect the number of days the executive was in service from the date of grant through the third anniversary thereof, taking into account any additional service-vesting credit), and will be settled on the earlier of the original vesting date and a Change in Control; provided, however , that 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