Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 36

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 36
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 and long-term potential.   (See more below on the Committee’s independent compensation consultant.) |     | » |     | The Compensation Committee considers these recommendations together with the input of the independent compensation consultant and the full Board. Subsequently, the Compensation Committee determines the NEOs’ compensation in alignment with our compensation philosophy.   All aspects of the Chief Executive Officer’s compensation are determined solely by the Compensation Committee, with input from the independent compensation consultant and the full Board. |     | » |     | In the first quarter of each year, the Compensation Committee will review and approve the items below, in each case with respect to such calendar year:   •  Objectives for each NEO   •  Variable pay target opportunities for annual incentive awards   •  Performance metrics for the annual incentive award   Additionally, each year in the spring, the Compensation Committee will review and approve long-term equity incentive grants and related performance metrics.   The Compensation Committee ensures that performance metrics are consistent with the financial, operational and strategic goals set by the Board, the performance goals are sufficiently ambitious and that amounts paid (when target performance levels are achieved) are consistent with our executive compensation philosophy. |

ROLE OF THE INDEPENDENT COMPENSATION CONSULTANT Though the Compensation Committee has ultimate responsibility for compensation-related decisions, it retains Willis Towers Watson (“WTW”) as an independent consultant on executive compensation matters. WTW provides market analyses and recommendations that inform the Compensation Committee’s decisions, shares updates on market trends and the regulatory environment as it relates to executive compensation, reviews various executive compensation proposals presented by management to the Compensation Committee and works with the Compensation Committee to validate and strengthen the pay-for-performancerelationship and alignment with stockholders.

| Notice and Proxy Statement 2025  35 |

Pursuant to the rules of the SEC, during 2024, the Compensation Committee reviewed and evaluated the SEC’s independence factors for compensation advisers and concluded that no conflict of interest exists that would prevent WTW from independently representing the Compensation Committee. ROLE OF THE EXECUTIVE COMPENSATION PEER GROUP

| To help ensure we provide our NEOs with fair and market-competitive compensation and to support retention of our key leaders, we annually review the compensation we offer our executives against executives within our peer group of companies. In 2024 we worked with the independent compensation consultant, WTW, to review our peer group. Our peer group review consisted of a multi-dimensional analysis whereby we