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Upon vesting of the units, the reporting person shall be entitled to receive a number of shares of Class A Common Stock equal to the number of units then vesting. The reporting person received the restricted stock unit award under the issuer's 2012 Stock Incentive Plan. On February 23, 2017, the issuer paid a special cash dividend of $0.7797 per share to its stockholders. In connection with the dividend, the company issued Class A Common Stock and restricted stock units, as applicable, to persons, including the reporting person, who previously had been granted stock options or restricted stock units, as an anti-dilution adjustment. 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The restricted stock units will vest as follows: 12,500 units will vest on September 21, 2019 and 12,500 units will vest on September 21, 2020.  Upon vesting of the restricted stock units, the reporting person shall be entitled to receive a number of shares of Class A Common Stock equal to the number of restricted stock units then vesting. The reporting person received the restricted stock unit award under the Clear Channel Outdoor Holdings, Inc. 2012 Stock Incentive Plan."}],"balance_after":348352,"source":{"system":"sec-edgar","filing":"0001334978-16-000041","document":"wf-form4_147456782253645.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1334978/000133497816000041/wf-form4_147456782253645.xml","form_type":"4"}}]}