Clear Channel Outdoor Holdings: director Thomas C. King sold 901,060 shares

What happened Thomas C. King, a director of Clear Channel Outdoor Holdings, disposed of 901,060 shares to the issuer at $2.43 per share on Oct 14, 2026, generating $2,189,576 in proceeds. The filing cites the Feb 9, 2026 merger agreement under which each outstanding share was converted into the right to receive $2.43 in cash; outstanding restricted stock units were cancelled and converted into the same cash consideration.

Key details

• Transaction date and price: Oct 14, 2026 at $2.43 per share.
• Transaction type and code: Disposition to the issuer (D).
• Shares disposed and proceeds: 901,060 shares for $2,189,576.
• Shares owned after the transaction: the provided filing text notes conversion of shares into cash under the merger but does not list a remaining common stock balance in the summary provided.
• Relevant footnotes: F1 describes the Merger Agreement conversion of common stock and RSUs into cash at $2.43 per share; F2 states RSUs issued in lieu of cash retainers were converted into the same RSU consideration.
• Filing timeliness: period of report Oct 14, 2026; Form 4 filed Oct 15, 2026 (not marked as late in the provided information).

Why it may matter

• The transaction was a disposition to the issuer under a merger agreement that converted shares and RSUs into cash, not an open-market sale.
• The filing does not show why the insider traded or why the company acted.