Form 4: PIMCO Sells 12,584 Shares of Clear Channel Outdoor Holdings
SEC Form 4
Pacific Investment Management Co LLC (PIMCO) reported the sale of 12,584 shares of Clear Channel Outdoor Holdings, Inc. on April 10, 2024.
Summary
- On April 10, 2024, Pacific Investment Management Co LLC (PIMCO) sold 12,584 shares of Clear Channel Outdoor Holdings, Inc.
- The transaction was executed at a price of $1.55 per share.
- Following the transaction, PIMCO indirectly owns 104,859,957 shares of Clear Channel Outdoor Holdings, Inc.
- PIMCO acts as an investment advisor to clients who hold these shares and disclaims beneficial ownership except to the extent of its pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing regarding a share sale, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures for significant transactions by company insiders or major shareholders, providing transparency to the market.
Stakeholder Impact
- The sale of shares by a major shareholder like PIMCO could have a minor impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 04/10/2024 | Date of transaction: PIMCO sold 12,584 shares of Clear Channel Outdoor Holdings, Inc. |
| 04/11/2024 | Date of signature for the SEC filing. |
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