[Form 4] Clear Channel Outdoor Holdings, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clear Channel Outdoor Holdings, Inc. reported that Chief Accounting Officer Jason Dilger had 71,136 shares of common stock withheld at $2.37 per share to cover tax obligations tied to vesting restricted stock units. After this tax-withholding disposition, he directly holds 693,310 shares of the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DILGER JASON
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 71,136 | $2.37 | $169K |
Holdings After Transaction:
Common Stock — 693,310 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 71,136 shares
Withholding price per share: $2.37 per share
Shares held after transaction: 693,310 shares
3 metrics
Shares withheld for taxes
71,136 shares
Tax withholding on RSU vesting for CAO Jason Dilger
Withholding price per share
$2.37 per share
Value used for tax-withholding disposition of common stock
Shares held after transaction
693,310 shares
Jason Dilger’s direct CCO common stock holdings after withholding
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition, Chief Accounting 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"
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.
Chief Accounting Officer financial
""officer_title": "Chief Accounting Officer""
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
FAQ
What insider transaction did Jason Dilger report at Clear Channel Outdoor (CCO)?
Jason Dilger reported a tax-related share disposition. 71,136 shares of Clear Channel Outdoor common stock were withheld by the company to cover tax obligations from vesting restricted stock units, rather than sold on the open market, leaving him with a substantial remaining direct holding.
Was the Clear Channel (CCO) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 71,136 shares were withheld by Clear Channel Outdoor to satisfy tax withholding obligations when restricted stock units vested, according to the filing footnote, making this a routine compensation-related event rather than a discretionary stock sale.