Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 94

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 94
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 of those years. This is because a significant portion of their ‘compensation actually paid’ is comprised of equity awards, which decreased in value during 2022, increased in 2023 and decreased again in 2024.

Tabular List

The following table lists our most important performance measures used by us to link ‘compensation actually paid’ to our NEOs to company performance for fiscal year 2024. The performance measures included in this table are not ranked by relative importance.

| Tabular List                         |
| Overall CCOH Plan Adjusted EBITDA    |
| Europe Division Plan Adjusted EBITDA |
| Company TSR Relative to S&P 600      |
| Company Stock Price                  |

| 72  Notice and Proxy Statement 2025 |

PAY RATIO As required by Item 402(u) of Regulation S-K,we are providing pay ratio information about the relationship of the annual total compensation of our employees and the annual total compensation of Mr. Scott Wells, our President and Chief Executive Officer. The rules adopted by the SEC require a registrant to identify its median employee only once every three years if there has been no change to the registrant’s employee population or employee compensation arrangements that would result in a significant change to the pay ratio disclosure. Because we have had no changes to our employee population or compensation arrangements that would significantly impact our pay ratio disclosure, the employee representing the median paid employee for 2024 is the same employee selected for 2022 and 2023. For 2024, our last completed fiscal year:

| • |     | the median of the annual total compensation of all employees of our company (other than our CEO), was $52,301; and |

| • |     | the annual total compensation of our CEO, as reported in the Summary Compensation Table presented elsewhere in this Proxy Statement, was $9,677,184. |

Based on this information, for 2024 the ratio of the annual total compensation of our CEO to the median of the annual total compensation of all employees was 185 to 1. Methodology, Assumptions and Estimates Used in Determining our Pay Ratio Disclosure In determining the pay ratio calculation, we used the methodology, assumptions and estimates set forth below. We believe the pay ratio included in this information is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K.

| 2. | We determined that, as of December 31, 2022