MARCHESE JOE 4

What Happened

• Joe Marchese, a director of Clear Channel Outdoor Holdings, Inc. (CCO), was granted restricted stock units (RSUs) on 2026-02-18. He received 38,702 RSUs with an attributable value of $2.39 per share (total ~$92,498) and an additional 62,761 RSUs shown at $0.00 value. These awards were reported on a Form 4 filed 2026-02-20 and are coded as "A" (award/grant) — a compensation grant, not an open-market buy or sale.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (appears timely).
• Grant details: 38,702 RSUs @ $2.39 (value ~$92,498); 62,761 RSUs @ $0.00 (no purchase price reported).
• Vesting: The 38,702 RSUs vest in four equal installments on Apr 1, 2026; Jul 1, 2026; Oct 1, 2026; and Jan 1, 2027 (Footnote F1). The 62,761 RSUs vest on Jan 1, 2027 (Footnote F2).
• Purpose: The 38,702 RSUs were granted under the company's 2012 Stock Incentive Plan in lieu of the director's 2026 annual cash retainer.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: No late-filing flag; filing date is two days after the transaction date, which is generally within Form 4 timing rules.

Context

• RSUs are a form of compensation that convert to shares only upon vesting; they are not the same as a market purchase and don't directly signal an immediate buy or sell decision. These awards reflect compensation policy (including using equity in lieu of cash) rather than an insider trade for personal investment purposes.