iHeartMedia Approves Bonus Structure

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Bonus Time


In a Form 8-K filing with the SECURITIES AND EXCHANGE COMMISSION, the Board of Directors of iHEARTMEDIA approved quarterly bonuses for the second, third and fourth quarters of 2018 for execs of the company.


The company wrote, “Under the 2018 KEIP, each participant is eligible to earn a performance bonus in cash at the end of each of the second, third and fourth quarters of 2018 (the “Quarterly Bonuses”), depending upon the extent to which certain performance goals have been achieved for each such quarter.”


Some of the bonuses include:


  • Chairman/CEO ROBERT W. PITTMAN will be eligible to earn a target Quarterly Bonus for each of the second, third and fourth quarters of 2018 of $2,325,000.
  • COO/CFO RICHARD J. BRESSLER will be eligible to earn a target Quarterly Bonus for each of the second, third and fourth quarters of 2018 of $1,325,000.
  • EVP/General Counsel and Secretary ROBERT H. WALLS, JR. will be eligible to earn a target Quarterly Bonus for each of the second, third and fourth quarters of 2018 of $225,000.


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