HOBSON ANDREW W 4

What Happened Andrew W. Hobson, a director of Clear Channel Outdoor Holdings, Inc. (CCO), was granted restricted stock units (RSUs) on Feb. 18, 2026. He received 41,841 RSUs reported at $2.39/share (total reported value $100,000) and 62,761 RSUs reported at $0.00. These were awards (transaction code A), not open‑market purchases or sales.

Key Details

• Transaction date: February 18, 2026; filing date (Form 4): February 20, 2026 (timely, two business days after the transaction).
• Grants reported:
  • 41,841 RSUs at $2.39 per share; total value shown $100,000.
  • 62,761 RSUs at $0.00 per share (no grant-date cash value shown in the reported line).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: The 41,841 RSUs vest in four equal installments on April 1, 2026; July 1, 2026; October 1, 2026; and January 1, 2027. These RSUs were awarded in lieu of the director’s 2026 annual cash retainer under the company’s 2012 Stock Incentive Plan.
  • F2: The 62,761 RSUs vest on January 1, 2027 under the same plan.
• Transaction code: A = Award/Grant. No sales or purchases were reported.

Context These are time‑based RSU awards that vest on future dates; they do not represent an immediate cash purchase or sale and typically cannot be sold until they vest (subject to plan rules). Awards given in lieu of cash retainers are routine for directors and should be viewed as compensation rather than a direct market signal of insider conviction.