Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 29

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 29
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 our NEOs reflect our 2024 performance as well as the many contributions of our leaders to driving the year’s successes. As a result of strong individual performance and nearly at-target business performance in 2024, all NEOs earned annual incentive payouts between 99% and 129% of their individual target opportunities. All of our NEOs, other than Mr. Coleman, were granted annual equity grants in 2024 (the “2024 Annual Grants”). For Mr. Wells, the 2024 Annual Grants mix was 35% time-based restricted stock units (“RSUs”) and 65% performance stock units (“PSUs”). For Mr. Sailer and Ms. Feldman, the 2024 Annual Grants mix was 40% RSUs and 60% PSUs. For Messrs. Cochrane and Dilger, the 2024 Annual Grants mix was 75% RSUs and 25% PSUs. The grant date fair value of each award was based on each NEO’s performance, their long-term potential, retention considerations, market practices, and other considerations.   We also continued to evaluate our compensation and governance practices to support the objectives of the business, align with our compensation philosophy and prevailing market practices, and provide incentive to deliver key financial metrics that are linked with stockholder value creation. We are committed to evolving our executive compensation programs as necessary to support our business strategy.   More details are provided on the following pages, and we look forward to receiving stockholder feedback in the near future. Thank you for your continued engagement. 
 Thomas C. King   Compensation Committee   Thomas C. King (Chair) Lisa Hammitt Tim Jones Joe Marchese                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

| 28  Notice and Proxy Statement 2025 |

COMPENSATION DISCUSSION AND ANALYSIS Clear Channel Outdoor Holdings, Inc. (“Clear Channel Outdoor,” the “Company,” “we” or “us”) is a leading provider of out-of-homeadvertising solutions, offering advertisers impactful and innovative opportunities to reach mass audiences across a variety of high-traffic public spaces. By leveraging the scale, reach and flexibility of our diverse portfolio of assets — including roadside billboards, street furniture and airport displays — we connect advertisers with millions of consumers every month. We believe we are at the forefront of driving innovation in the out-of-homeadvertising industry, and our dynamic advertising platform is broadening the pool