Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 93

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 93
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 |         | $  | 1,565,296 |   |

| 70  Notice and Proxy Statement 2025 |

Comparative Disclosure In accordance with Item 402(v) of Regulation S-K,the Company is providing the following descriptions of the relationships between the information presented in the table above. As demonstrated by the following graph, the amount of ‘compensation actually paid’ to the PEO and the average amount of ‘compensation actually paid’ to the non-PEONEOs is generally aligned with the Company’s TSR over the five years presented in the table. This is because a significant portion of the ‘compensation actually paid’ to the PEO and to the non-PEONEOs is comprised of equity awards. As described in more detail in the section titled “Supporting Our Pay-for-PerformancePhilosophy”, approximately 64% and 49% (averaged) of the value of total compensation awarded to the PEO and non-PEONEOs in 2024, respectively, was comprised of equity awards. As demonstrated by the following graph, the amount of ‘compensation actually paid’ to the PEO and the average amount of ‘compensation actually paid’ to the non-PEONEOs is generally aligned with the Company’s net income (loss) between 2020 and 2021. Although our net loss decreased during 2022, increased during 2023, and decreased again during 2024, the ‘compensation actually paid’ to our PEO and non-PEONEOs trended in the opposite direction during each 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.

| Notice and Proxy Statement 2025  71 |

As demonstrated by the following graph, the amount of ‘compensation actually paid’ to the PEO and the average amount of ‘compensation actually paid’ to the non-PEONEOs is generally aligned with CCOH Plan Adjusted EBITDA used for bonus purposes between 2020 and 2021. Although our Plan Adjusted EBITDA increased during 2022, decreased during 2023, and increased again during 2024, the ‘compensation actually paid’ to our PEO and non-PEONEOs trendedin the opposite direction during each