Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 32

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 32
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 with his promotion to Executive Vice President and Chief Financial Officer of the Company. Such grant had a grant date fair market value of $402,077, with 40% granted in the form of RSUs and 60% in the form of PSUs. The terms of this one-time grant were consistent with those of the 2024 Annual Grants.   In order to further align the interests of our key executives with our stockholders, in addition to their 2024 Annual Grants as described above, each of Messrs. Wells and Sailer, and Ms. Feldman received a one-time grant of PSUs, each of which vest in three equal installments upon achievement of specified stock price performance hurdles (i.e., $2.50, $3.25 and $4.25 per share) during a four-year performance period ending on May 31, 2028, subject to service-based vesting conditions. Any PSUs that do not vest as of the end of such performance period will be automatically and immediately forfeited. The aggregate grant date fair market value of these one-time grants that were awarded to Messrs. Wells and Sailer, and Ms. Feldman in 2024 was equal to $6,661,964.   We believe Messrs. Wells and Sailer, and Ms. Feldman are essential to the future success of the organization, and the achievement of these stock price performance hurdles correspond to material increases in shareholder value in the years ahead. The PSUs represent an increase in market capitalization from the grant date market capitalization of more than $400 million, $800 million and $1.3 billion at each of the stock price performance hurdles.   The Compensation Committee sought to deliver value within market norms and therefore reviewed similar one-time equity awards disclosed for public companies of similar size over the last five years. We found that the grant date fair value of the PSUs granted to Messrs. Wells and Sailer and Ms. Feldman were within market norms. We also considered the |

| Notice and Proxy Statement 2025  31 |

| 32  Notice and Proxy Statement 2025 |

SUPPORTING OUR PAY-FOR-PERFORMANCEPHILOSOPHY

| In support of our pay-for-performance philosophy and achievement of strong Company results, the majority of the total compensation opportunity that our CEO and other NEOs received in 2024 is “at-risk” and dependent upon