Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 44

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 44
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 to Executive Vice President and Chief Financial Officer of the Company. |

| (3) | Mr. Cochrane is a citizen of the United Kingdom and compensation amounts reported for him that were originally denominated in British pounds have been converted to U.S. dollars using the average exchange rate of £0.7826 = $1. |

| (4) | Target amounts for Mr. Coleman are prorated for the portion of 2024 he served as Executive Vice President and Chief Financial Officer of the Company. |

Adoption of the 2012 Third Amended and Restated Stock Incentive Plan On May 16, 2024, the Company’s stockholders approved the adoption of the 2012 Third Amended and Restated Equity Incentive Plan (the “2024 Plan”), which amended and restated the 2012 Second Amended and Restated Stock Incentive Plan. The 2024 Plan is a broad-based incentive plan that provides for granting stock options, stock appreciation rights, restricted stock, RSUs, and performance-based cash and stock awards to any of the Company’s or its subsidiaries’ present or future directors, officers, employees, consultants, or advisers. Equity Grants Equity grants help to align executive interests with those of our stockholders. We have designed our annual equity program to support the objectives of our business, align with market practice, and provide incentive to deliver key financial metrics that are explicitly linked with stockholder value creation.

| 42  Notice and Proxy Statement 2025 |

Each of our NEOs (other than Mr. Coleman) received a 2024 Annual Grant on May 15, 2024. Our long-term incentive program consists of grants of a mix of RSUs and PSUs, with the ratio varying based on the recipient’s role and other criteria as described below. The average mix of the NEOs’ 2024 Annual Grants consisted of approximately 44% RSUs and 56% PSUs. The following criteria are evaluated for each of our NEOs (other than Mr. Coleman) when determining the value of their annual equity award:

| • |     | Performance over the long term; |

| • |     | Performance during the prior year; |

| • |     | Long-term potential; |

| • |     | Economics of certain equity grants made in prior years; |

| • |     | Retention considerations; |

| • |     | Internal equity; and |

| • |