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

Role: CEO, UK & Europe
Signature: /s/ Lynn A. Feldman, as Attorney-in-fact on behalf of Justin Cochrane
Stock symbol: CCO
Transactions as of: Mar 31, 2023
Transactions value $: -$64,451
Form type: 4
Date filed: 4/4/2023, 04:04 PM
Previous filing: Feb 24, 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		+48.5K	+7.45%		700K	Mar 31, 2023	Direct	F1
transaction	CCO	Common Stock	Tax liability	-$64.5K	-53.7K	-7.67%	$1.20	646K	Mar 31, 2023	Direct	F2

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	-48.5K	-100%	$0.00^*	0	Mar 31, 2023	Common Stock	48.5K		Direct	F3, F4

* 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 in 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	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.
F4	On October 20, 2020, the reporting person was granted 145,631 restricted stock units, which vested in three equal installments on April 1, 2021, April 1, 2022 and April 1, 2023.