MORELAND W BENJAMIN 4
4 · Clear Channel Outdoor Holdings, Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Clear Channel (CCO) Director Moreland Benjamin Receives RSU Award
What Happened
Moreland W. Benjamin, a director of Clear Channel Outdoor Holdings, received two restricted stock unit (RSU) awards on Feb 18, 2026 (transaction code A). One award was for 52,301 RSUs recorded at $2.39 each (total $124,999). A second award for 62,761 RSUs was reported with a $0 value in the filing. These are grants (not open-market purchases or sales) and will convert to shares only as they vest.
Key Details
- Transaction date: 2026-02-18; Form 4 filed 2026-02-20 (filed within the standard two-business-day window).
- Reported values/prices: 52,301 RSUs at $2.39 each (total $124,999); 62,761 RSUs reported at $0 in the filing.
- Vesting: 52,301 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 52,301 RSUs were issued 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 excerpt of the filing.
- Transaction code: A = Award/Grant. No 10b5-1 plan, tax-withholding, or late-filing flags noted in the provided details.
Context
RSUs are grants that convert to actual shares only upon vesting; they are not immediate purchases or sales and do not by themselves indicate a buy/sell sentiment. This filing documents standard director compensation (one tranche in lieu of a cash retainer) with staggered vesting over 2026–2027.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-18$2.39/sh+52,301$124,999→ 2,563,122 total - Award
Common Stock
[F2]2026-02-18+62,761→ 2,625,883 total
Footnotes (2)
- [F1]The reporting person received 52,301 restricted stock units, which vest in four equal installments, subject to the terms thereunder, on April 1, 2026, July 1, 2026, October 1, 2026 and January 1, 2027. The reporting person received these awards under the Clear Channel Outdoor Holdings, Inc. 2012 Third Amended and Restated Stock Incentive Plan (the "Plan") in lieu of an annual cash retainer for 2026.
- [F2]The reporting person received 62,761 restricted stock units, which vest on January 1, 2027, under the Plan.