194,345 Clear Channel (NYSE: CCO) shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clear Channel Outdoor Holdings, Inc. officer David Sailer reported a tax-related share disposition tied to equity compensation. On the vesting of restricted stock units, 194,345 shares of Common Stock were withheld by the company at $2.37 per share to cover tax withholding obligations. After this non-market transaction, Sailer directly holds 1,177,942 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sailer David
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 194,345 | $2.37 | $461K |
Holdings After Transaction:
Common Stock — 1,177,942 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 194,345 shares
Withholding price per share: $2.37 per share
Shares held after transaction: 1,177,942 shares
3 metrics
Shares withheld for taxes
194,345 shares
Withheld to cover tax obligations on RSU vesting
Withholding price per share
$2.37 per share
Value used for tax-withholding disposition of Common Stock
Shares held after transaction
1,177,942 shares
Direct ownership of Common Stock following tax withholding
Key Terms
restricted stock units, tax withholding obligations, Common Stock, tax-withholding disposition
4 terms
restricted stock units financial
"in connection with the vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"to cover tax withholding obligations in connection with the vesting"
Common Stock financial
"Represents the number of shares withheld by Clear Channel Outdoor Holdings, Inc."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did David Sailer report for Clear Channel Outdoor (CCO)?
David Sailer reported a disposition of Clear Channel Outdoor common shares for tax withholding. The company withheld 194,345 shares in connection with the vesting of restricted stock units to satisfy tax obligations, rather than an open-market sale of shares by Sailer.
What type of security was involved in David Sailer’s Clear Channel Outdoor (CCO) Form 4?
The Form 4 transaction involved Clear Channel Outdoor Common Stock related to vesting restricted stock units. Shares of Common Stock were withheld by the issuer to satisfy tax withholding obligations, rather than being bought or sold in a regular market transaction by Sailer.