Director Hobson receives equity awards at Clear Channel (NYSE: CCO)

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Form Type

Rhea-AI Filing Summary

Clear Channel Outdoor Holdings, Inc. director Andrew W. Hobson reported acquiring equity awards rather than buying shares in the market. On February 18, 2026, he received 41,841 restricted stock units valued at $2.39 per unit, vesting in four equal installments on April 1, 2026, July 1, 2026, October 1, 2026 and January 1, 2027.

He also received 62,761 restricted stock units that vest on January 1, 2027. Both grants were issued directly under the company’s 2012 Third Amended and Restated Stock Incentive Plan in lieu of his annual cash retainer for 2026, increasing his directly held common stock-related holdings.

Insider Trade Summary

Net Buyer: 104,602 shares

Net Buy 2 txns

Insider HOBSON ANDREW W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	41,841	$2.39	$100K
Grant/Award	Common Stock	62,761	$0.00	$0.00

Holdings After Transaction: Common Stock — 878,700 shares (Direct)

Footnotes (2)

F1. The reporting person received 41,841 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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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/20/2026 - 04:19 PM

FAQ

What did Andrew W. Hobson report on his Form 4 for CCO?

Andrew W. Hobson reported receiving equity awards in Clear Channel Outdoor Holdings, Inc. Rather than cash, he was granted restricted stock units under the company’s stock incentive plan as part of his 2026 director compensation, increasing his direct equity-based holdings.

How many restricted stock units did CCO director Hobson receive?

Andrew W. Hobson received 41,841 restricted stock units plus 62,761 restricted stock units. These grants together represent equity-based compensation awarded under Clear Channel Outdoor Holdings’ 2012 Third Amended and Restated Stock Incentive Plan for his board service in 2026.

What are the vesting terms of Hobson’s 41,841 CCO restricted stock units?

The 41,841 restricted stock units vest in four equal installments. Vesting dates are April 1, 2026, July 1, 2026, October 1, 2026 and January 1, 2027, subject to the terms of Clear Channel Outdoor Holdings’ stock incentive plan governing these awards.

When do the additional 62,761 CCO restricted stock units vest for Hobson?

The 62,761 restricted stock units granted to Andrew W. Hobson vest on January 1, 2027. This single-vesting-date award was issued under Clear Channel Outdoor Holdings’ 2012 Third Amended and Restated Stock Incentive Plan as part of his 2026 director compensation package.

Were Hobson’s CCO equity awards granted in lieu of cash compensation?

Yes. The 41,841 restricted stock units were granted in lieu of Andrew W. Hobson’s annual cash retainer for 2026. This means a portion of his director compensation at Clear Channel Outdoor Holdings is paid in equity rather than traditional cash payments.

Did Hobson buy or sell CCO shares on the open market in this Form 4?

No open-market purchases or sales were reported. The Form 4 shows grant or award acquisitions of restricted stock units under Clear Channel Outdoor Holdings’ stock incentive plan, which are part of his director compensation rather than discretionary trading activity.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HOBSON ANDREW W

(Last)

(First)

(Middle)

C/O CLEAR CHANNEL OUTDOOR HOLDINGS, INC.

4830 NORTH LOOP 1604W, SUITE 111

(Street)

SAN ANTONIO

78249

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Clear Channel Outdoor Holdings, Inc. [ CCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/18/2026		A		41,841⁽¹⁾	A	$2.39	815,939	D
Common Stock	02/18/2026		A		62,761⁽²⁾	A	$0.00	878,700	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reporting person received 41,841 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.

2. The reporting person received 62,761 restricted stock units, which vest on January 1, 2027, under the Plan.

	/s/ Lynn A. Feldman as Attorney-in-fact on behalf of Andrew W. Hobson	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR