Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 62

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 62
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 Agreement ends on January 1, 2025 and will be automatically extended for additional three-year periods, unless the Company or Mr. Dilger gives prior written notice of non-renewalof the 2022 Dilger Employment Agreement between June 1 and July 1 prior to the end of the then-applicable employment term.

| Notice and Proxy Statement 2025  53 |

Pursuant to the 2022 Dilger Employment Agreement, Mr. Dilger will (i) receive a base salary at an annualized rate of $400,000, (ii) be eligible to receive an annual performance bonus with a target of 60% of his annual base salary and (iii) be eligible for an annual equity incentive grant with an approximate value of not less than $325,000 per award. During the term of Mr. Dilger’s employment and for 12 months thereafter, Mr. Dilger is subject to non-competition, non-interferenceand non-solicitationcovenants substantially consistent with Clear Channel Outdoor’s other senior executives. Mr. Dilger is also subject to customary confidentiality, work product and trade secret provisions. 2025 Employment Agreement (Effective as of January 1, 2025) Effective January 1, 2025, Clear Channel Outdoor and Mr. Dilger entered into an amended and restated employment agreement (the “2025 Dilger Employment Agreement”). The 2025 Dilger Employment Agreement supersedes the 2022 Dilger Employment Agreement. The initial term of the 2025 Dilger Employment Agreement ends on January 1, 2028 and will be automatically extended for additional three-year periods, unless the Company or Mr. Dilger gives prior written notice of non-renewalof the 2025 Dilger Employment Agreement between June 1 and July 1 prior to the end of the then-applicable employment term. Pursuant to the 2025 Dilger Employment Agreement, Mr. Dilger will (i) receive a base salary at an annualized rate of $435,000, (ii) be eligible to receive an annual performance bonus with a target of 65% of his annual base salary and (iii) be eligible for an annual equity incentive grant with an annual target value equal to $350,000 provided, that, in no event will the grant date fair value be less than $325,000 per award. During the term of Mr. Dilger’s employment and for 12 months