X0306 4 2020-02-26 0 0001334978 Clear Channel Outdoor Holdings, Inc. CCO 0001774821 MARCHESE JOE C/O CLEAR CHANNEL OUTDOOR HOLDINGS, INC. 4830 NORTH LOOP 1604W, SUITE 111 SAN ANTONIO TX 78249 1 0 0 0 Common Stock 2020-02-26 4 A 0 73529 0.00 A 129882 D Common Stock 2020-02-26 4 A 0 45343 0.00 A 175225 D The reporting person received 73,529 restricted stock units, which vest on January 1, 2021, under the Clear Channel Outdoor Holdings, Inc. 2012 Amended and Restated Stock Incentive Plan (the "Plan"). The reporting person received 45,343 restricted stock units, which vest in four equal installments on April 1, 2020, July 1, 2020, October 1, 2020 and January 1, 2021. The reporting person received these awards under the Plan in lieu of an annual cash retainer for 2020. /s/ Lynn A. Feldman, as Attorney-in-fact on behalf of Joe Marchese 2020-02-28