SCOTT WELLS - 01 Apr 2022 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
Issuer symbol: CCO
Transactions as of: 01 Apr 2022
Transactions value $: -$691,452
Form type: 4
Filing time: 05 Apr 2022, 16:30:45 UTC
Previous filing: 24 Jan 2022
Next filing: 05 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCO	Common Stock	Options Exercise		+194K	+12.68%		1.72M	01 Apr 2022	Direct	F1
transaction	CCO	Common Stock	Tax liability	-$691K	-199K	-11.52%	$3.48	1.53M	01 Apr 2022	Direct	F2
holding	CCO	Common Stock						20K	01 Apr 2022	See Footnote	F5

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	-50%	$0.00	194K	01 Apr 2022	Common Stock	194K		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 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	Restricted stock unit award, once vested, may 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 582,524 restricted stock units, which vest in three equal installments on April 1, 2021, April 1, 2022 and April 1, 2023.
F5	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.