William Eccleshare - Dec 31, 2022 Form 4 Insider Report for Clear Channel Outdoor Holdings, Inc. (CCO)

Role: Former Director
Signature: /s/ Lynn A. Feldman, as Attorney-in-fact on behalf of C. William Eccleshare
Stock symbol: CCO
Transactions as of: Dec 31, 2022
Transactions value $: -$219,279
Form type: 4
Date filed: 1/4/2023, 03:40 PM
Previous filing: Sep 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCO	Common Stock	Options Exercise		+243K	+15.76%		1.78M	Dec 31, 2022	Direct	F1
transaction	CCO	Common Stock	Tax liability	-$219K	-209K	-11.71%	$1.05	1.57M	Dec 31, 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CCO	Restricted Stock Units	Options Exercise	$0	-243K	-100%	$0.00^*	0	Dec 31, 2022	Common Stock	243K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

William Eccleshare is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units that converted into common stock upon vesting. These restricted stock units were previously reported on Table II.
F2	Represents the number of shares withheld by Clear Channel Outdoor Holdings, Inc. to cover tax withholding obligations in connection with the vesting of restricted stock units.
F3	Restricted stock unit award that could be settled in shares of common stock, or in cash equal to the fair market value of the number of vested shares, at the election of the compensation committee of the board of directors.
F4	On October 20, 2020, the reporting person was granted 728,155 restricted stock units, which would have vested in three equal installments on April 1, 2021, April 1, 2022 and April 1, 2023. Upon the reporting person's retirement on December 31, 2022, the vesting conditions for "Retirement" were met and the remaining restricted stock units vested on such date.