Scott Wells - Mar 31, 2023 Form 4 Insider Report for Clear Channel Outdoor Holdings, Inc. (CCO)

Role: Chief Executive Officer, Director
Signature: /s/ Lynn A. Feldman, as Attorney-in-fact on behalf of Scott Wells
Stock symbol: CCO
Transactions as of: Mar 31, 2023
Transactions value $: -$46,373
Form type: 4
Date filed: 4/4/2023, 04:00 PM
Previous filing: Mar 27, 2023
Next filing: May 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCO	Common Stock	Options Exercise		+194K	+10.33%		2.07M	Mar 31, 2023	Direct	F1
transaction	CCO	Common Stock	Tax liability	-$46.4K	-38.6K	-1.86%	$1.20	2.03M	Mar 31, 2023	Direct	F2
holding	CCO	Common Stock						40K	Mar 31, 2023	See Footnote	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CCO	Restricted Stock Units	Options Exercise	$0	-194K	-100%	$0.00^*	0	Mar 31, 2023	Common Stock	194K		Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units that converted into common stock upon vesting. These restricted stock units were previously reported on Table II.
F2	Represents the number of shares withheld by Clear Channel Outdoor Holdings, Inc. to cover tax withholding obligations in connection with the vesting of restricted stock units.
F3	These shares are held by the Wells 2013 Irrevocable Trust U/A 05/06/13 Scott R Wells and Gary Smith Trustees for the Benefit of Evelyn G Wells, and the Wells 2013 Irrevocable Trust U/A 05/06/13 Scott R Wells and Gary Smith Trustees for the Benefit of Charles R Wells.
F4	Restricted stock unit award, once vested, could be settled in shares of common stock, or in cash equal to the fair market value of the number of vested shares, at the election of the compensation committee of the board of directors.
F5	On October 20, 2020, the reporting person was granted 582,524 restricted stock units, which vested in three equal installments on April 1, 2021, April 1, 2022 and April 1, 2023.