MORELAND W BENJAMIN 4

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.