Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 47

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 47
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ailer, and Ms. Feldman received a one-timegrant 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 shall be automatically and immediately forfeited. 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-timeequity awards disclosed for public companies of similar size over the last five years and found the grant date fair value of the PSUs granted to Messrs. Wells and Sailer, and Ms. Feldman were within market norms. The Compensation Committee also considered the impact of all one-timeawards made to Messrs. Wells and Sailer, and Ms. Feldman since 2022 and in reviewing overall target pay positioning including the annualized value of one-timeawards found that Messrs. Wells and Sailer, and Ms. Feldman were positioned near the median. The following table displays the total grant date fair market value of these one-timePSU grants:

|                 |     | Grant Date Fair Market 
 Value of One-Time      
 PSU Awards             |   |           |
|:----------------|:----|:-----------------------|:--|----------:|
| Scott R. Wells  |     |                        | $ | 4,198,718 |
| David J. Sailer |     |                        | $ | 1,343,590 |
| Lynn A. Feldman |     |                        | $ | 1,119,657 |

| 44  Notice and Proxy Statement 2025 |

Using Relative Total Shareholder Return (“TSR”) as the PSU Performance Metric Relative TSR compared to the S&P 600 Index was selected as the performance metric for our 2024 Annual Grant of PSU awards because it rewards long-term stockholder value creation