KING THOMAS C. 4

What Happened

• Thomas C. King, a director of Clear Channel Outdoor Holdings, Inc. (CCO), was granted two restricted stock unit (RSU) awards on February 18, 2026 (transaction code A). The grants total 102,509 RSUs. One grant of 39,748 RSUs is reported at $2.39 per share (total $94,998) and the second grant of 62,761 RSUs is reported with a $0.00 price (total $0). These are awards under the company’s 2012 Third Amended and Restated Stock Incentive Plan.

Key Details

• Transaction date: February 18, 2026; Form 4 filed February 20, 2026 (no late filing indicated).
• Grants recorded: 39,748 RSUs @ $2.39 (total $94,998); 62,761 RSUs @ $0.00 (total $0).
• Vesting: the 39,748 RSUs vest in four equal installments on Apr 1, 2026; Jul 1, 2026; Oct 1, 2026; and Jan 1, 2027. The 62,761 RSUs vest on Jan 1, 2027.
• Purpose: the 39,748 RSUs were issued in lieu of the director’s annual cash retainer for 2026; both awards are under the company’s stock incentive plan.
• Shares owned after the transaction: not specified in the filing.
• Transaction type: Award/grant (A) — these are compensation grants, not open-market purchases or sales.

Context

• RSUs are conditional awards that convert to shares only as they vest; they are not immediately saleable stock. Because this is a compensation grant rather than a purchase or sale, it primarily reflects director compensation rather than a direct buying/selling signal about the director’s personal view of the stock. The filing does not explain why the second grant is reported at $0.00.