CCO executive has shares withheld for tax on RSU vest
Clear Channel Outdoor Holdings, Inc. EVP and Chief Revenue Officer Robert McCuin reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
Clear Channel Outdoor Holdings, Inc. EVP and Chief Revenue Officer Robert McCuin reported a routine tax-related share disposition. The company withheld 129,189 shares of common stock at $2.37 per share to cover tax withholding obligations tied to the vesting of restricted stock units.
After this withholding, McCuin directly owns 716,243 shares of Clear Channel Outdoor common stock. This was not an open-market sale, but an automatic mechanism to satisfy tax requirements when equity awards vest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 129,189 | $2.37 | $306K |
Footnotes (1)
- F1. Represents the number of shares withheld by Clear Channel Outdoor Holdings, Inc. to cover tax withholding obligations in connection with the vesting of restricted stock units.
Key Figures
Key Terms
restricted stock units financial
tax withholding obligations financial
Form 4 regulatory
Chief Revenue Officer financial
FAQ
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What insider transaction did CCO EVP Robert McCuin report on this Form 4?
What does the F transaction code mean in the CCO Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.