HAMMITT LISA 4
Research Summary
AI-generated summary
Clear Channel (CCO) Director Lisa Hammitt Receives RSU Award
What Happened
- Lisa Hammitt, a director of Clear Channel Outdoor Holdings, Inc. (CCO), was granted 62,761 restricted stock units (RSUs) on February 18, 2026. The award was reported on a Form 4 filed February 20, 2026. The RSUs were granted at $0.00 (no cash exchanged) and will vest on January 1, 2027 under the company’s 2012 Third Amended and Restated Stock Incentive Plan.
Key Details
- Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (appears timely).
- Transaction type: A = Award/Grant of RSUs; amount: 62,761 shares; acquisition price: $0.00.
- Vesting: These RSUs vest on 2027-01-01 per footnote (F1).
- Shares owned after transaction: Not specified in the filing.
- Notable footnote: F1 confirms the grant and vesting schedule under the 2012 Stock Incentive Plan.
- No 10b5-1 plan, tax-withholding, or sale information disclosed in this Form 4.
Context
- RSU grants are a form of deferred equity compensation; they do not represent immediately transferable shares until they vest and any withholding requirements are satisfied. Grants to directors are common as part of compensation packages and are informational rather than a direct bullish or bearish signal.