Clear Channel Outdoor (NYSE: CCO) CAO reports equity awards and tax withholding
Rhea-AI Filing Summary
Clear Channel Outdoor Holdings Chief Accounting Officer Jason Dilger reported equity compensation transactions. He acquired 49,019 shares of common stock upon satisfaction of performance criteria tied to performance stock units, and the company withheld 65,128 shares at $2.40 per share to cover tax obligations on the vesting. He also received a grant of 165,509 restricted stock units that vest in full on April 29, 2027. Following these award and tax-withholding entries, he holds 842,710 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 149,400 shares
Net Buy
3 txns
Insider
DILGER JASON
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 165,509 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 65,128 | $2.40 | $156K |
| Grant/Award | Common Stock | 49,019 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 842,710 shares (Direct)
Footnotes (3)
- F1. Represents shares earned upon satisfaction of performance criteria in connection with performance stock units.
- F2. Represents the number of shares withheld by the Company to cover tax withholding obligations in connection with the vesting of performance stock units.
- F3. Represents a grant of restricted stock units, which vest in full on April 29, 2027.
Key Figures
Performance shares earned: 49,019 shares
Shares withheld for taxes: 65,128 shares at $2.40
New RSU grant: 165,509 units
+1 more
4 metrics
Performance shares earned
49,019 shares
Earned upon satisfaction of performance criteria for performance stock units
Shares withheld for taxes
65,128 shares at $2.40
Withheld to cover tax obligations on vesting PSUs
New RSU grant
165,509 units
Restricted stock units vesting on April 29, 2027
Shares owned after transactions
858,819 shares
Direct holdings after reported Form 4 entries
Key Terms
performance stock units, tax withholding obligations, restricted stock units, Form 4
4 terms
performance stock units financial
"Represents shares earned upon satisfaction of performance criteria in connection with performance stock units."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
tax withholding obligations financial
"Represents the number of shares withheld by the Company to cover tax withholding obligations in connection with the vesting of performance stock units."
restricted stock units financial
"Represents a grant of restricted stock units, which vest in full on April 29, 2027."
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did CCO executive Jason Dilger report on this Form 4?
Jason Dilger reported stock-based compensation activity, not open-market trading. He earned 49,019 shares from performance stock units, had 65,128 shares withheld for taxes, and received 165,509 restricted stock units that vest in 2027, all in Clear Channel Outdoor common stock.
Were any of Jason Dilger’s CCO transactions open-market stock sales or purchases?
No, the reported transactions are equity compensation-related. They include shares earned from performance stock units, a tax-withholding disposition at $2.40 per share, and a restricted stock unit grant, rather than discretionary open-market buys or sales of Clear Channel Outdoor shares.
What is the size and vesting schedule of Jason Dilger’s new CCO restricted stock unit grant?
Jason Dilger received a grant of 165,509 restricted stock units. According to the disclosure, these restricted stock units vest in full on April 29, 2027, meaning he is scheduled to receive the underlying Clear Channel Outdoor common shares on that vesting date if conditions are met.