William Eccleshare - Dec 31, 2022 Form 4 Insider Report for Clear Channel Outdoor Holdings, Inc. (CCO)

Role
Former Director
Signature
/s/ Lynn A. Feldman, as Attorney-in-fact on behalf of C. William Eccleshare
Stock symbol
CCO
Transactions as of
Dec 31, 2022
Transactions value $
-$219,279
Form type
4
Date filed
1/4/2023, 03:40 PM
Previous filing
Sep 14, 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 +243K +15.76% 1.78M Dec 31, 2022 Direct F1
transaction CCO Common Stock Tax liability -$219K -209K -11.71% $1.05 1.57M Dec 31, 2022 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 -243K -100% $0.00* 0 Dec 31, 2022 Common Stock 243K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

William Eccleshare is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 that 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 728,155 restricted stock units, which would have vested in three equal installments on April 1, 2021, April 1, 2022 and April 1, 2023. Upon the reporting person's retirement on December 31, 2022, the vesting conditions for "Retirement" were met and the remaining restricted stock units vested on such date.