Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 64

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 64
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 RSUs and PSUs computed in accordance with the requirements of ASC Topic 718, but excluding any impact of estimated forfeiture rates as required by SEC regulations. The grant date fair value of time-vesting RSUs is based on the closing price of our common stock on the date of grant. The grant date fair value of PSUs is based on a Monte Carlo valuation as of the grant date assuming achievement at the target payout level, or 100%. For assumptions made in the valuation, see footnote (b) to the Summary Compensation Table above and Note 13-Stockholders’ Deficit beginning on page 82 of our 2024 Annual Report on Form 10-K. |

| (b) | Messrs. Wells, Sailer, Coleman, Cochrane and Dilger and Ms. Feldman received cash incentive awards from Clear Channel Outdoor under the Annual Incentive Plan. For further discussion of the 2024 cash incentive awards, see “Compensation Discussion and Analysis - Elements of Compensation - Annual Incentive Bonus.” |

| (c) | On May 15, 2024, Mr. Wells received a grant of 1,604,448 shares of Clear Channel Outdoor’s common stock. The RSUs will vest as follows: (1) 636,363 shares of the award is time-vesting, with one-third vesting on each of April 1, 2025, April 1, 2026 and April 1, 2027; (2) 968,085 of the shares will be earned between 0% - 150% based on relative TSR. The earned shares will vest 100% on April 1, 2027. |

| (e) | On May 15, 2024, Mr. Sailer received a grant of 926,222 shares of Clear Channel Outdoor’s common stock. As noted in the Compensation Discussion and Analysis, this award included a promotion grant as recognition of Mr. Sailer’s role as CFO. The RSUs will vest as follows: (1) 415,584 shares of the award is time-vesting, with one-third vesting on each of April 1, 2025, April 1, 2026 and April 1, 2027; (2) 510,638 of the shares will be earned between 0% - 150% based on relative TSR. The earned shares will vest 100% on April 1, 2027. |

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