Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 50

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 50
---
 2021 We granted PSUs to our NEOs on July 27, 2021 (the “2021 PSUs”). Pursuant to the 2021 PSUs, each NEO was 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 2.75-yearperformance period from July 1, 2021 to March 31, 2024, based on the same performance goals as described above for the 2022 PSUs. The performance period for the 2021 PSUs ended on March 31, 2024, with performance achieved at 0% of target, resulting in the forfeiture of all underlying shares from the 2021 PSU awards. Treatment of Mr. Cochrane’s Outstanding PSUs and RSUs In connection with the closing of the sale of the businesses constituting the Company’s Europe-North segment on March 31, 2025, and Mr. Cochrane’s departure from the Company effective therewith, the Compensation Committee approved, expressly contingent upon the occurrence of the closing, the accelerated vesting of (i) 221,410 outstanding RSUs held by Mr. Cochrane that were scheduled to vest on or before March 31, 2026, and (ii) a number of PSUs granted to Mr. Cochrane on May 2, 2023 equal to 95.8% of the target number of underlying PSUs (i.e. 221,759 PSUs). For the avoidance of doubt, any other RSUs, any other PSUs subject to the 2023 PSU grant or any other grant of PSUs held by Mr. Cochrane that remained unvested as of March 31, 2025, after giving effect to the foregoing acceleration, were immediately forfeited for no consideration. EQUITY AWARD GRANTING PRACTICES We maintain the following equity award granting practices:

| • |     | Stock options were eliminated from the mix annually awarded to all of our employees in 2017; |

| • |     | Equity award grants for all of our employees are generally approved and made in the second quarter of the applicable fiscal year. We intend to continue to follow this equity award grant timing for future fiscal years; |

| • |     | We do not take material non-public information (“MNPI”) into account when determining the timing and terms of equity awards, and we have