Clear Channel (NYSE: CCO) CRO has 129,189 shares withheld for RSU taxes
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McCuin Robert
Role
EVP, Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 129,189 | $2.37 | $306K |
Holdings After Transaction:
Common Stock — 716,243 shares (Direct)
Footnotes (1)
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Key Figures
Tax-withheld shares: 129,189 shares
Withholding price: $2.37 per share
Shares owned after transaction: 716,243 shares
3 metrics
Tax-withheld shares
129,189 shares
Shares withheld to cover tax obligations on RSU vesting
Withholding price
$2.37 per share
Value used for withheld shares related to RSU vesting
Shares owned after transaction
716,243 shares
Direct common stock holdings after tax-withholding disposition
Key Terms
restricted stock units, tax withholding obligations, Form 4, Chief Revenue Officer
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"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Chief Revenue Officer financial
"officer_title": "EVP, Chief Revenue Officer""
A chief revenue officer is a top executive responsible for overseeing all aspects of generating income for a company, including sales, marketing, and customer relationships. They develop strategies to attract and retain customers, much like a coach guiding a team to score more points. Investors pay attention to this role because it directly influences the company's growth and profitability.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did CCO EVP Robert McCuin report on this Form 4?
Robert McCuin reported a tax-withholding disposition of Clear Channel Outdoor common stock. The company withheld 129,189 shares at $2.37 per share to satisfy tax obligations arising from the vesting of restricted stock units, rather than through an open-market sale.
What does the F transaction code mean in the CCO Form 4 filing?
The F code indicates a tax-withholding disposition. In this case, Clear Channel Outdoor delivered 129,189 of Robert McCuin’s shares to cover tax liabilities created when restricted stock units vested, instead of him selling shares directly in the open market.