Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 88

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 88
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 paid to continue the same coverage if he or she remained employed) for the 24 months following termination for Mr. Wells, 18 months following termination for Mr. Sailer and Ms. Feldman, and 12 months following termination for Mr. Dilger, in each case, pursuant to the Change in Control Severance Plan. |

| (g) | Amounts reflect the value of unvested Clear Channel Outdoor equity awards held by the respective NEOs on December 31, 2024, that are subject to accelerated vesting. This value is based upon the closing price of Clear Channel Outdoor’s common stock on December 31, 2024 of $1.37, but it excludes stock options with an exercise price exceeding the closing price of Clear Channel Outdoor’s common stock on December 31, 2024. The value of vested equity awards and equity awards that continue to vest and/or remain exercisable following termination (but vesting is not accelerated) are not included in this table. |

| (h) | Represents the sum of (1) 1.0 times the NEO’s base salary at termination, and (2) the pro rata portion of the NEO’s annual bonus based on actual performance for the year ended December 31, 2024 pursuant to the NEO’s employment agreement. |

| Notice and Proxy Statement 2025  67 |

| (i) | Represents an amount equal to (i) the product of (a) 1.5, multiplied by (b) the sum of (1) the applicable NEO’s base salary at termination and (2) such NEO’s annual target bonus for the year ended December 31, 2024, plus (ii) a prorated portion of the applicable NEO’s annual target bonus for the year ended December 31, 2024, based on actual performance, in each case, pursuant to the Change in Control Severance Plan. In addition, this amount reflects certain adjustments made to ensure that such amount is not subject to an excise tax under Section 4999 of the Code. |

| (j) | The Cochrane Agreement can be terminated upon 12 months’ notice from Clear Channel UK to Mr. Cochrane; provided that, Clear Channel UK may provide payment of Mr. Cochrane’s base salary for the remaining notice period in lieu of notice. The amount reported assumes that Clear Channel UK elected to provide payment in lieu of notice. |

| (