STOCK TITAN

[8-K] Clear Channel Outdoor Holdings, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

GameStop Corp. (GME) – Form 144 notice of proposed insider sale. The filer, identified in the document as Mark H. Robinson, intends to sell up to 11,085 common shares through Morgan Stanley Smith Barney on or about 23 July 2025. At the filing’s stated aggregate market value of $268,922, the implied price is roughly $24.26 per share.

The shares originate from restricted stock units granted 1 Oct 2023. Compared with GameStop’s 447.3 million shares outstanding, the planned sale equals only ≈0.0025 % of total equity, signalling negligible dilution or control impact. Within the past three months the same seller disposed of 1,269 shares for $30,393 on 2 Jul 2025.

Form 144 provides notice rather than confirmation—actual sales may differ. No operational or financial performance data accompany the filing, and the seller certifies no undisclosed adverse information. While any insider disposition can be viewed cautiously, the modest size suggests a neutral-to-low market impact.

GameStop Corp. (GME) – Avviso di proposta di vendita da parte di un insider tramite il modulo 144. Il soggetto che presenta la comunicazione, identificato nel documento come Mark H. Robinson, intende vendere fino a 11.085 azioni ordinarie tramite Morgan Stanley Smith Barney intorno al 23 luglio 2025. Considerando il valore di mercato aggregato indicato nella comunicazione di 268.922 $, il prezzo implicito è di circa 24,26 $ per azione.

Le azioni derivano da unità azionarie vincolate assegnate il 1° ottobre 2023. Rispetto alle 447,3 milioni di azioni in circolazione di GameStop, la vendita prevista rappresenta solo circa 0,0025% del capitale totale, indicando un impatto trascurabile su diluizione o controllo. Negli ultimi tre mesi lo stesso venditore ha ceduto 1.269 azioni per 30.393 $ il 2 luglio 2025.

Il modulo 144 fornisce un avviso e non una conferma effettiva: le vendite reali potrebbero differire. Non sono presenti dati operativi o finanziari nella comunicazione, e il venditore certifica l’assenza di informazioni negative non divulgate. Sebbene qualsiasi vendita da parte di un insider vada interpretata con cautela, la dimensione contenuta suggerisce un impatto di mercato neutro o basso.

GameStop Corp. (GME) – Aviso de propuesta de venta por parte de un insider según el formulario 144. El declarante, identificado en el documento como Mark H. Robinson, planea vender hasta 11,085 acciones ordinarias a través de Morgan Stanley Smith Barney aproximadamente el 23 de julio de 2025. Considerando el valor de mercado agregado declarado de $268,922, el precio implícito es aproximadamente $24.26 por acción.

Las acciones provienen de unidades de acciones restringidas otorgadas el 1 de octubre de 2023. En comparación con las 447.3 millones de acciones en circulación de GameStop, la venta planeada representa solo alrededor del 0.0025% del capital total, lo que indica un impacto insignificante en la dilución o control. En los últimos tres meses, el mismo vendedor dispuso de 1,269 acciones por $30,393 el 2 de julio de 2025.

El formulario 144 proporciona un aviso, no una confirmación: las ventas reales pueden variar. No se acompañan datos operativos o financieros en la presentación, y el vendedor certifica que no hay información negativa no divulgada. Aunque cualquier disposición de un insider debe considerarse con precaución, el tamaño modesto sugiere un impacto de mercado neutral a bajo.

GameStop Corp. (GME) – 내부자 매도 예정 통지서(Form 144). 문서에 명시된 신고인 Mark H. Robinson은 Morgan Stanley Smith Barney를 통해 11,085주의 보통주를 2025년 7월 23일경 매도할 계획입니다. 신고서에 명시된 총 시장 가치는 268,922달러로, 주당 가격은 약 24.26달러입니다.

해당 주식은 2023년 10월 1일 부여된 제한 주식 단위에서 비롯되었습니다. GameStop의 4억 4,730만 주 발행 주식과 비교할 때, 이번 매도 예정 주식은 전체 지분의 약 0.0025%에 불과해 희석이나 지배력에 미치는 영향은 미미합니다. 최근 3개월 내 동일 판매자는 2025년 7월 2일에 1,269주를 30,393달러에 매도한 바 있습니다.

Form 144는 통지서일 뿐 실제 매도 여부를 확정하지 않으며, 실제 거래는 다를 수 있습니다. 제출서에는 운영이나 재무 성과 데이터가 포함되어 있지 않고, 판매자는 공개되지 않은 불리한 정보가 없음을 인증합니다. 내부자 매도는 신중히 해석해야 하나, 규모가 작아 시장에 미치는 영향은 중립에서 낮음으로 보입니다.

GameStop Corp. (GME) – Avis de vente d’initié proposée via le formulaire 144. Le déclarant, identifié dans le document comme Mark H. Robinson, prévoit de vendre jusqu’à 11 085 actions ordinaires par l’intermédiaire de Morgan Stanley Smith Barney aux alentours du 23 juillet 2025. La valeur marchande agrégée indiquée dans le dépôt est de 268 922 $, ce qui implique un prix d’environ 24,26 $ par action.

Les actions proviennent de unités d’actions restreintes attribuées le 1er octobre 2023. Par rapport aux 447,3 millions d’actions en circulation de GameStop, la vente prévue ne représente qu’environ 0,0025 % du capital total, indiquant un impact négligeable sur la dilution ou le contrôle. Au cours des trois derniers mois, le même vendeur a cédé 1 269 actions pour 30 393 $ le 2 juillet 2025.

Le formulaire 144 constitue un avis et non une confirmation – les ventes réelles peuvent différer. Aucun donnée opérationnelle ou financière n’accompagne le dépôt, et le vendeur certifie qu’aucune information défavorable non divulguée n’existe. Bien que toute cession d’initié doive être considérée avec prudence, la taille modeste suggère un impact de marché neutre à faible.

GameStop Corp. (GME) – Mitteilung über einen geplanten Insider-Verkauf gemäß Formular 144. Der Melder, im Dokument als Mark H. Robinson bezeichnet, beabsichtigt, bis zu 11.085 Stammaktien über Morgan Stanley Smith Barney etwa am 23. Juli 2025 zu verkaufen. Der im Formular angegebene aggregierte Marktwert von 268.922 $ impliziert einen Preis von etwa 24,26 $ pro Aktie.

Die Aktien stammen aus Restricted Stock Units, die am 1. Oktober 2023 gewährt wurden. Im Vergleich zu den 447,3 Millionen ausstehenden Aktien von GameStop entspricht der geplante Verkauf nur etwa 0,0025 % des gesamten Eigenkapitals, was auf eine vernachlässigbare Verwässerung oder Kontrollauswirkung hinweist. Innerhalb der letzten drei Monate hat derselbe Verkäufer am 2. Juli 2025 1.269 Aktien für 30.393 $ veräußert.

Formular 144 dient als Mitteilung und nicht als Bestätigung – tatsächliche Verkäufe können abweichen. Es sind keine operativen oder finanziellen Leistungsdaten beigefügt, und der Verkäufer bestätigt, dass keine nicht offengelegten negativen Informationen vorliegen. Obwohl Insiderverkäufe mit Vorsicht betrachtet werden sollten, deutet die geringe Größe auf eine neutrale bis geringe Marktauswirkung hin.

Positive
  • Sale equals only ~0.0025 % of shares outstanding, implying negligible dilution or control effect.
  • Insider follows Rule 144 disclosure requirements, signalling regulatory compliance.
Negative
  • Insider continues to reduce holdings after a prior sale, which some investors may interpret as waning confidence.
  • Filing provides no contextual explanation (e.g., 10b5-1 plan details), limiting insight into motivation.

Insights

TL;DR: Small insider sale (<0.01% float) – sentiment mildly negative but financially immaterial.

The filing flags a $269k planned sale by an insider via Morgan Stanley. Given GameStop’s large share base, the trade is immaterial to liquidity, earnings per share, or voting power. The earlier 1,269-share sale hints at ongoing diversification rather than a wholesale exit. Absent additional context—such as executive status or cluster selling—market impact is likely minimal. I rate the disclosure neutral; watch for further Form 144s that might indicate a broader insider trend.

TL;DR: Routine Rule 144 filing; compliance positive, insider sentiment slightly cautious.

Form 144 signals regulatory compliance, showing the insider is following Rule 144 resale limits and, if applicable, 10b5-1 procedures. The representation of no material non-public information reduces legal risk to shareholders. However, any insider sale can raise perception issues, especially at companies like GameStop where retail sentiment is sensitive. Given the tiny fraction of shares involved, I classify impact as not material to governance or ownership structure.

GameStop Corp. (GME) – Avviso di proposta di vendita da parte di un insider tramite il modulo 144. Il soggetto che presenta la comunicazione, identificato nel documento come Mark H. Robinson, intende vendere fino a 11.085 azioni ordinarie tramite Morgan Stanley Smith Barney intorno al 23 luglio 2025. Considerando il valore di mercato aggregato indicato nella comunicazione di 268.922 $, il prezzo implicito è di circa 24,26 $ per azione.

Le azioni derivano da unità azionarie vincolate assegnate il 1° ottobre 2023. Rispetto alle 447,3 milioni di azioni in circolazione di GameStop, la vendita prevista rappresenta solo circa 0,0025% del capitale totale, indicando un impatto trascurabile su diluizione o controllo. Negli ultimi tre mesi lo stesso venditore ha ceduto 1.269 azioni per 30.393 $ il 2 luglio 2025.

Il modulo 144 fornisce un avviso e non una conferma effettiva: le vendite reali potrebbero differire. Non sono presenti dati operativi o finanziari nella comunicazione, e il venditore certifica l’assenza di informazioni negative non divulgate. Sebbene qualsiasi vendita da parte di un insider vada interpretata con cautela, la dimensione contenuta suggerisce un impatto di mercato neutro o basso.

GameStop Corp. (GME) – Aviso de propuesta de venta por parte de un insider según el formulario 144. El declarante, identificado en el documento como Mark H. Robinson, planea vender hasta 11,085 acciones ordinarias a través de Morgan Stanley Smith Barney aproximadamente el 23 de julio de 2025. Considerando el valor de mercado agregado declarado de $268,922, el precio implícito es aproximadamente $24.26 por acción.

Las acciones provienen de unidades de acciones restringidas otorgadas el 1 de octubre de 2023. En comparación con las 447.3 millones de acciones en circulación de GameStop, la venta planeada representa solo alrededor del 0.0025% del capital total, lo que indica un impacto insignificante en la dilución o control. En los últimos tres meses, el mismo vendedor dispuso de 1,269 acciones por $30,393 el 2 de julio de 2025.

El formulario 144 proporciona un aviso, no una confirmación: las ventas reales pueden variar. No se acompañan datos operativos o financieros en la presentación, y el vendedor certifica que no hay información negativa no divulgada. Aunque cualquier disposición de un insider debe considerarse con precaución, el tamaño modesto sugiere un impacto de mercado neutral a bajo.

GameStop Corp. (GME) – 내부자 매도 예정 통지서(Form 144). 문서에 명시된 신고인 Mark H. Robinson은 Morgan Stanley Smith Barney를 통해 11,085주의 보통주를 2025년 7월 23일경 매도할 계획입니다. 신고서에 명시된 총 시장 가치는 268,922달러로, 주당 가격은 약 24.26달러입니다.

해당 주식은 2023년 10월 1일 부여된 제한 주식 단위에서 비롯되었습니다. GameStop의 4억 4,730만 주 발행 주식과 비교할 때, 이번 매도 예정 주식은 전체 지분의 약 0.0025%에 불과해 희석이나 지배력에 미치는 영향은 미미합니다. 최근 3개월 내 동일 판매자는 2025년 7월 2일에 1,269주를 30,393달러에 매도한 바 있습니다.

Form 144는 통지서일 뿐 실제 매도 여부를 확정하지 않으며, 실제 거래는 다를 수 있습니다. 제출서에는 운영이나 재무 성과 데이터가 포함되어 있지 않고, 판매자는 공개되지 않은 불리한 정보가 없음을 인증합니다. 내부자 매도는 신중히 해석해야 하나, 규모가 작아 시장에 미치는 영향은 중립에서 낮음으로 보입니다.

GameStop Corp. (GME) – Avis de vente d’initié proposée via le formulaire 144. Le déclarant, identifié dans le document comme Mark H. Robinson, prévoit de vendre jusqu’à 11 085 actions ordinaires par l’intermédiaire de Morgan Stanley Smith Barney aux alentours du 23 juillet 2025. La valeur marchande agrégée indiquée dans le dépôt est de 268 922 $, ce qui implique un prix d’environ 24,26 $ par action.

Les actions proviennent de unités d’actions restreintes attribuées le 1er octobre 2023. Par rapport aux 447,3 millions d’actions en circulation de GameStop, la vente prévue ne représente qu’environ 0,0025 % du capital total, indiquant un impact négligeable sur la dilution ou le contrôle. Au cours des trois derniers mois, le même vendeur a cédé 1 269 actions pour 30 393 $ le 2 juillet 2025.

Le formulaire 144 constitue un avis et non une confirmation – les ventes réelles peuvent différer. Aucun donnée opérationnelle ou financière n’accompagne le dépôt, et le vendeur certifie qu’aucune information défavorable non divulguée n’existe. Bien que toute cession d’initié doive être considérée avec prudence, la taille modeste suggère un impact de marché neutre à faible.

GameStop Corp. (GME) – Mitteilung über einen geplanten Insider-Verkauf gemäß Formular 144. Der Melder, im Dokument als Mark H. Robinson bezeichnet, beabsichtigt, bis zu 11.085 Stammaktien über Morgan Stanley Smith Barney etwa am 23. Juli 2025 zu verkaufen. Der im Formular angegebene aggregierte Marktwert von 268.922 $ impliziert einen Preis von etwa 24,26 $ pro Aktie.

Die Aktien stammen aus Restricted Stock Units, die am 1. Oktober 2023 gewährt wurden. Im Vergleich zu den 447,3 Millionen ausstehenden Aktien von GameStop entspricht der geplante Verkauf nur etwa 0,0025 % des gesamten Eigenkapitals, was auf eine vernachlässigbare Verwässerung oder Kontrollauswirkung hinweist. Innerhalb der letzten drei Monate hat derselbe Verkäufer am 2. Juli 2025 1.269 Aktien für 30.393 $ veräußert.

Formular 144 dient als Mitteilung und nicht als Bestätigung – tatsächliche Verkäufe können abweichen. Es sind keine operativen oder finanziellen Leistungsdaten beigefügt, und der Verkäufer bestätigt, dass keine nicht offengelegten negativen Informationen vorliegen. Obwohl Insiderverkäufe mit Vorsicht betrachtet werden sollten, deutet die geringe Größe auf eine neutrale bis geringe Marktauswirkung hin.

false 0001334978 0001334978 2025-07-22 2025-07-22
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 22, 2025

 

 

CLEAR CHANNEL OUTDOOR HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-32663   88-0318078
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (I.R.S. Employer
Identification No.)

 

4830 North Loop 1604W, Suite 111
San Antonio, Texas, 78249
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (210) 547-8800

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

Common Stock, $0.01 par value per share   CCO   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 22, 2025, Clear Channel Outdoor Holdings, Inc. (the “Company”) and Lynn Feldman, Executive Vice President, Chief Legal and Administrative Officer and Corporate Secretary of the Company, entered into a second amended and restated employment agreement (the “Second A&R Employment Agreement”), effective as of August 1, 2025 (the “Effective Date”). As of the Effective Date, the Second A&R Employment Agreement will supersede the existing amended and restated employment agreement between the Company and Ms. Feldman, effective November 1, 2022.

The initial term of the Second A&R Employment Agreement ends on July 31, 2028, and will be automatically extended for additional two-year periods, unless the Company or Ms. Feldman gives prior written notice of non-renewal between December 1 and December 31 prior to the end of the then-applicable employment term.

Pursuant to the Second A&R Employment Agreement, Ms. Feldman will (i) receive a base salary at an annualized rate of $750,000 (retroactive to June 1, 2025), (ii) be eligible to receive an annual performance bonus with a target of 100% of her annual base salary and (iii) be eligible to receive an annual equity incentive grant with an annual target value of $1,400,000, but in no event will the grant date fair value of any such award be less than $300,000, the form of which will be determined by the Compensation Committee of the Board of Directors of the Company. Each such award will be granted pursuant to and subject to the terms and conditions of the Company’s 2012 Third Amended and Restated Stock Incentive Plan (or any successor incentive plan) and applicable award agreement(s).

If the Company terminates Ms. Feldman’s employment without “cause” (as defined in the Second A&R Employment Agreement), if the Company or Ms. Feldman do not renew the Second A&R Employment Agreement or if Ms. Feldman resigns for “good cause” (as defined in the Second A&R Employment Agreement), Ms. Feldman will receive her accrued and unpaid base salary through the termination date, any unpaid annual bonus for the prior year and any payments required under applicable employee benefit plans. In addition, if Ms. Feldman timely executes and does not revoke a severance agreement and general release of claims in favor of the Company in a form satisfactory to the Company, Ms. Feldman will receive (a) her base salary payable over a 12-month period (the “Severance Payments”, and such period, the “Severance Pay Period”), (b) a pro rata annual bonus payment for the calendar year of Ms. Feldman’s termination, calculated based upon actual performance as of the termination date as related to overall performance at the end of the calendar year, and payable at the same time as bonuses are paid to other employees of the Company, and (c) the following equity treatment: (i) any unvested time-vesting equity awards scheduled to vest during the 12-month period following the date of termination will vest in full on the date of termination, and (ii) with respect to any outstanding and unvested performance share units, (x) one-third of the target number of shares underlying the performance share units will remain eligible to vest if the date of termination is before the date that is two years prior to the vesting date, (y) two-thirds of the target number of shares underlying the performance share units will remain eligible to vest if the date of termination is on or after the date which is two years prior to the vesting date but before the date that is one year prior to the vesting date and (z) 100% of the target number of shares underlying the performance share units will remain eligible to vest if the date of termination is on or after the date that is one year prior to the vesting date. The portion of the performance share units eligible to vest will remain outstanding and eligible to be earned at the end of the applicable performance period based on the applicable performance metrics as outlined in the applicable award agreement. If Ms. Feldman breaches any post-employment obligations, is hired or engaged by any competitor of the Company during the Severance Pay Period or is rehired by the Company during the Severance Pay Period, the Severance Payments will cease.

The Second A&R Employment Agreement also contains a customary perpetual confidentiality provision, as well as customary non-interference, non-solicitation and non-competition provisions that apply during employment and for the 12-month period thereafter.

The foregoing description of the Second A&R Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text and terms of the agreement, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.


Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit

 No. 

  

Description

10.1    Second Amended and Restated Employment Agreement, dated as of July 22, 2025, by and between Clear Channel Outdoor Holdings, Inc. and Lynn Feldman.
104    Cover Page Interactive Data File (formatted as inline XBRL)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    CLEAR CHANNEL OUTDOOR HOLDINGS, INC.
Date: July 23, 2025     By:  

/s/ David J. Sailer

      David J. Sailer
      Executive Vice President, Chief Financial Officer and Assistant Secretary

FAQ

How many GameStop (GME) shares are covered by the Form 144?

The notice covers 11,085 common shares.

What is the approximate dollar value of the planned GME share sale?

The filer estimates proceeds of $268,922 based on current market prices.

When is the insider planning to sell the GameStop shares?

The approximate sale date listed is 23 July 2025.

What percentage of GameStop’s outstanding shares does 11,085 shares represent?

Only about 0.0025 % of the 447,336,306 shares outstanding.

Has the filer sold GameStop stock recently?

Yes, 1,269 shares were sold on 2 July 2025 for $30,392.80.

Where did the insider obtain the shares being sold?

They were restricted stock units granted on 1 Oct 2023.

Which broker will execute the transaction?

Morgan Stanley Smith Barney LLC, Executive Financial Services, New York.
Clear Channel Outdoor Hldgs In

NYSE:CCO

CCO Rankings

CCO Latest News

CCO Latest SEC Filings

CCO Stock Data

561.29M
343.59M
17.33%
84.95%
6.92%
Advertising Agencies
Services-advertising
Link
United States
SAN ANTONIO