Clear Channel Outdoor (NYSE: CCO) CRO details stock, RSU and PSU stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Clear Channel Outdoor Holdings, Inc. executive Robert McCuin, EVP and Chief Revenue Officer, filed an initial ownership report showing his equity interests in the company. This Form 3 does not reflect new purchases or sales but establishes his current holdings.
He directly holds 845,432 shares of common stock, which include 534,632 restricted stock units that vest in tranches on April 1, 2026, 2027, and 2028. He also reports 641,025 performance stock units that may vest in one-third increments based on stock price hurdles between May 31, 2024 and May 31, 2028, and 14,109 fully vested stock options, all held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
McCuin Robert
Role
EVP, Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Stock Units | -- | -- | -- |
| holding | Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 641,025 shares (Direct);
Option (Right to Buy) — 14,109 shares (Direct);
Common Stock — 845,432 shares (Direct)
Footnotes (1)
- Includes 534,632 restricted stock units of Clear Channel Outdoor Holdings, Inc. (the "Company"), of which 255,411 vest on April 1, 2026, 172,078 vest on April 1, 2027 and 107,143 vest on April 1, 2028. Each performance stock unit represents a contingent right to receive one share of the Company's common stock. The performance stock units vest and become earned in one-third increments based on the achievement of specified stock price performance hurdles during a four-year performance period, beginning on May 31, 2024 and ending on May 31, 2028, subject to service-based vesting conditions. Options are fully vested.
FAQ
What does the Form 3 filed by Clear Channel Outdoor (CCO) executive Robert McCuin show?
The Form 3 shows Robert McCuin’s initial ownership in Clear Channel Outdoor. He reports common shares, restricted stock units, performance stock units, and stock options, establishing his baseline equity position without indicating any recent buying or selling activity.
What equity awards in Clear Channel Outdoor (CCO) does Robert McCuin hold besides common stock?
In addition to common stock, Robert McCuin reports 641,025 performance stock units and 14,109 stock options. The options are fully vested, while the performance units vest only if specified stock price hurdles and service-based conditions are met over a defined period.
When do Robert McCuin’s restricted stock units in Clear Channel Outdoor (CCO) vest?
Of the 534,632 restricted stock units reported, 255,411 vest on April 1, 2026, 172,078 on April 1, 2027, and 107,143 on April 1, 2028. These time-based vesting dates govern when he actually receives the underlying common shares.
How do Robert McCuin’s performance stock units in Clear Channel Outdoor (CCO) vest?
Each performance stock unit is a right to one CCO share, vesting in one-third increments. Vesting depends on achieving specified stock price performance hurdles during a four-year period from May 31, 2024 to May 31, 2028, plus continued service requirements.
Are Robert McCuin’s stock options in Clear Channel Outdoor (CCO) currently exercisable?
Yes. The filing states that McCuin’s 14,109 stock options are fully vested. Being fully vested means he has the right, under the option terms, to exercise them for Clear Channel Outdoor common shares subject to any plan or agreement conditions.