Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 37

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 37
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 selected companies determined to be: |     | Clear Channel Outdoor’s revenues were positioned near the 41st percentile of our peer group. We generally target total compensation packages for NEOs to reflect the 50th percentile of our peer group of companies when financial and operational goals are achieved. |

| • |     | Similar in size (primarily based on revenue—generally 0.5x - 2.5x that of Clear Channel Outdoor, as well as market capitalization) and complexity to Clear Channel Outdoor |

| • |     | In the media or similar industry, including broadcasting, outdoor advertising, marketing/advertising and publishing |

| • |     | In competition with Clear Channel Outdoor for executive talent |

Our peer group is regularly reviewed by the Compensation Committee with consideration given to our strategy and the advice of the independent compensation consultant. The Compensation Committee approved the following peer group for 2024:

| 2024 Executive Compensation Peer Group                                                                   |     |                                                                                                                          |     |                                                                                                    |
| AMC Networks, Inc.   Criteo S.A.   Gannett Co., Inc.   Gray Television, Inc.   Lamar Advertising Company |     | Stagwell, Inc.   Nexstar Media Group, Inc.   Outfront Media, Inc.   Quad/Graphics, Inc.   Sinclair Broadcast Group, Inc. |     | Sirius XM Holdings, Inc.   TEGNA, Inc.   The New York Times Company   Ziff Davis, Inc.   Yelp Inc. |

RELATIONSHIP OF COMPENSATION POLICIES AND PROGRAMS TO RISK MANAGEMENT

| In consultation with the Compensation Committee, management conducted an assessment of whether our compensation policies and practices encourage excessive or inappropriate risk taking by employees, including employees other than our NEOs. The assessment analyzed the risk characteristics of our business and the design and structure of our incentive plans and policies. |     | Although a significant portion of our executive compensation program is performance-based, the Compensation Committee has focused on aligning our compensation policies with the long-term interests of Clear Channel Outdoor and avoiding rewards or incentive structures that could create unnecessary risks. |

Management reported its findings to the Compensation Committee, which agreed with management’s assessment that our plans and policies do not encourage excessive or inappropriate risk taking and determined such policies or practices are not reasonably likely to have a material adverse effect on our business.

| 36  Notice and Proxy Statement 2025 |

ELEMENTS OF THE EXECUTIVE COMPENSATION PROGRAM CCO