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

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.