Robert W. Pittman, chairman and chief executive officer of iHeartMedia Inc. (NASDAQ: IHRT), recently acquired 16,349 shares of the company’s Class A common stock in a purchase totaling $48,525, according to regulatory filings.
The transaction is detailed on a Form 4 filed with the Securities and Exchange Commission. The shares were purchased on March 9, 2026, at an average price of $2.9681. Across the trades, individual share prices recorded in the filing ranged from $2.87 to $3.175.
After the purchase, Pittman’s direct holdings in iHeartMedia stand at 6,231,286 shares. In addition, he has an indirect stake of 21,732 shares held through Pittman CC, LLC, as noted in the filing.
At the time of reporting, IHRT is trading at $3.03 per share. That level reflects a 27% decline year-to-date, although the stock has posted an 84% gain over the last 12 months. An InvestingPro analysis cited in the filing indicates the share price appears undervalued at current levels. The filing also points readers toward a Pro Research Report that covers IHRT along with more than 1,400 other U.S. equities for those seeking additional context.
These insider buying details arrive alongside iHeartMedia’s recent quarterly results. For the fourth quarter of 2025, the company reported revenue of $1.13 billion, topping a consensus forecast of $1.1 billion. Company disclosures highlighted robust expansion in the podcast business and noted significant cost savings achieved during the period.
Despite revenue outperformance, iHeartMedia continues to contend with a high net debt burden. The stock moved lower in aftermarket trading following the earnings release, underscoring investor sensitivity to the company’s leverage position even as top-line metrics improved.
The purchase by the company’s longest-serving executive is a discrete insider transaction documented with the SEC and should be considered within the broader context of iHeartMedia’s recent operating results and balance-sheet constraints.