Form 4: Clear Channel Outdoor Holdings CEO Scott Wells Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Scott Wells, CEO of Clear Channel Outdoor Holdings, disposed of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On April 1, 2025, Scott Wells, the CEO of Clear Channel Outdoor Holdings, Inc., disposed of 182,939 shares of common stock to cover tax withholding obligations.
- The shares were withheld by the company at a price of $1.1 per share.
- Following the transaction, Wells directly owns 3,342,205 shares of common stock.
- Wells also indirectly owns 40,000 shares through the Wells 2013 Irrevocable Trusts.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock disposal for tax obligations) and has no inherent positive or negative implications for the company's overall outlook.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to dispose of shares to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 05/06/13 | Date of Wells 2013 Irrevocable Trust U/A |
| 04/01/2025 | Date of transaction: Stock disposal for tax obligations |
| 04/02/2025 | Date of signature for the Form 4 filing |
Keywords
Clear Channel Outdoor Holdings, Scott Wells, stock disposal, Form 4, tax withholding, restricted stock units, beneficial ownership, CCO
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