Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 48

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 48
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, aligning the interests of our executives and stockholders. The TSR of Clear Channel Outdoor will be measured at the end of the performance period (defined at grant) relative to the S&P 600. The TSR calculation for Clear Channel Outdoor and each of the companies in the S&P 600 will be based on the average stock price of each company over the 40 trading days following the beginning of the performance period, and the average stock price of each company over the 40 trading days prior to the end of the performance period (for the PSU awards granted prior to fiscal year 2024, this TSR calculation is based on a 20-dayaverage stock price). Based on the payout scale of the plan, the percentile rank translates into a payout percentage. The target number of shares is then multiplied times the payout percent to determine the earned number of shares that will be distributed to the participant once the award is vested; provided, that if the TSR over the performance period for Clear Channel Outdoor is less than zero, the payout percentage is capped at 100%. Annual PSUs Granted in 2024 Pursuant to the 2024 Annual Grants of PSU awards granted to each of our NEOs (other than Mr. Coleman) on May 15, 2024, each NEO is eligible to receive shares of Clear Channel Outdoor common stock ranging from 0% to 150% of target based on Clear Channel Outdoor’s achievement of a Relative TSR goal over the performance period from April 1, 2024 to March 31, 2027; provided, that, the earned number of shares may not be greater than 100% of target if the Company’s TSR is less than zero over the performance period. The 2024 Annual Grants of PSU awards are earned based on the performance goals as described below: Total Shareholder Return Relative to S&P 600 for 2024 Annual PSUs

|                       |     | Performance Goal                     |     | Performance        
 Vesting Percentage |
| Below Threshold Level |     | <25th Percentile relative to S&P 600 |     | 0%                 |
| Threshold Level       |     | 25th Percentile relative to S&P 600  |     | 50%                |
| Target Level          |     | 50th Percentile relative to S&P 600  |     | 100%               |
| Maximum Level         |     | 75th Percentile relative to S&P 600  |     | 150%               |

Note: Straight line interpolation