Clear Channel Outdoor (CCO) director granted over 100K restricted stock units
Rhea-AI Filing Summary
Clear Channel Outdoor Holdings, Inc. director Joe Marchese reported equity awards in the form of restricted stock units tied to the company’s common stock. He acquired 38,702 units valued at $2.39 per share equivalent, vesting in four equal installments on April 1, 2026, July 1, 2026, October 1, 2026 and January 1, 2027 in lieu of his 2026 annual cash retainer.
He also acquired 62,761 restricted stock units that vest on January 1, 2027 under the company’s 2012 Third Amended and Restated Stock Incentive Plan. After these awards, his directly held common stock-related position reported in this filing increased, with 906,807 shares shown following the second transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 101,463 shares
Net Buy
2 txns
Insider
MARCHESE JOE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 38,702 | $2.39 | $92K |
| Grant/Award | Common Stock | 62,761 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 906,807 shares (Direct)
Footnotes (2)
- F1. The reporting person received 38,702 restricted stock units, which vest in four equal installments, subject to the terms thereunder, on April 1, 2026, July 1, 2026, October 1, 2026 and January 1, 2027. The reporting person received these awards under the Clear Channel Outdoor Holdings, Inc. 2012 Third Amended and Restated Stock Incentive Plan (the "Plan") in lieu of an annual cash retainer for 2026.
- F2. The reporting person received 62,761 restricted stock units, which vest on January 1, 2027, under the Plan.
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FAQ
What insider transactions did CCO director Joe Marchese report on this Form 4?
Joe Marchese reported two equity award acquisitions linked to Clear Channel Outdoor Holdings common stock. He received 38,702 restricted stock units vesting in four installments during 2026–2027 and 62,761 additional units vesting on January 1, 2027, all granted under the company’s stock incentive plan.
How many restricted stock units did Joe Marchese receive from Clear Channel Outdoor (CCO)?
Joe Marchese received 38,702 restricted stock units plus 62,761 restricted stock units. The first award vests quarterly from April 1, 2026 through January 1, 2027, while the second vests entirely on January 1, 2027, both under the company’s 2012 stock incentive plan.
What are the vesting terms of Joe Marchese’s new CCO equity awards?
One award of 38,702 restricted stock units vests in four equal installments on April 1, 2026, July 1, 2026, October 1, 2026 and January 1, 2027. A separate grant of 62,761 restricted stock units vests in full on January 1, 2027 under the incentive plan.
Why did Joe Marchese receive 38,702 restricted stock units from Clear Channel Outdoor?
The 38,702 restricted stock units were granted in lieu of Joe Marchese’s 2026 annual cash retainer. Instead of receiving cash, he accepted equity under Clear Channel Outdoor Holdings’ 2012 Third Amended and Restated Stock Incentive Plan, aligning his compensation more directly with company performance.