WELLS SCOTT 4

What Happened

• Scott Wells, CEO of Clear Channel Outdoor Holdings, reported that 382,812 shares were disposed on April 1, 2026 at $2.37 per share for a total value of approximately $907,264. The transaction code F indicates these shares were withheld by the company to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs), not an open-market sale.

Key Details

• Transaction date and price: April 1, 2026; 382,812 shares at $2.37 each.
• Total value: ~ $907,264.
• Shares owned after transaction: Not specified in the summary filing excerpt; see the full Form 4 for post-transaction holdings.
• Footnotes: F1 — shares withheld to cover tax withholding on RSU vesting; F2 — some shares are held in the Wells 2013 Irrevocable Trusts for beneficiaries Evelyn G. Wells and Charles R. Wells.
• Filing timeliness: Form filed April 3, 2026 (timely reporting for an April 1 transaction).

Context

• This was a tax-withholding/cashless retention related to RSU vesting (transaction code F), not a deliberate open-market sale that would necessarily signal a change in insider sentiment. Tax withholding disposals are routine when equity awards vest.