Form 4: Clear Channel Outdoor Holdings Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Lynn Feldman, EVP, Chief Legal Officer & Corporate Secretary of Clear Channel Outdoor Holdings, sold shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On April 1, 2024, Lynn Feldman, EVP, Chief Legal Officer & Corporate Secretary of Clear Channel Outdoor Holdings, Inc., disposed of 100,324 shares of common stock at a price of $1.61.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Feldman directly owns 981,707 shares of Clear Channel Outdoor Holdings, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related sale, which is common when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Lynn Feldman disposed of shares to cover tax obligations. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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