Company: CCO
Filing Date: 2025-07-23
Form Type: 8-K
Source: 0001193125-25-163430
Chunk: 1

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-07-23
Form: 8-K
Item: Item 5.02
Chunk 1
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 In addition, if Ms. Feldman timely executes and does not revoke a severance agreement and general release of claims in favor of the Company in a form satisfactory to the Company, Ms. Feldman will receive (a) her base salary payable over a12-monthperiod (the “ Severance Payments”, and such period, the “ Severance Pay Period”), (b) a pro rata annual bonus payment for the calendar year of Ms. Feldman’s termination, calculated based upon actual performance as of the termination date as related to overall performance at the end of the calendar year, and payable at the same time as bonuses are paid to other employees of the Company, and (c) the following equity treatment: (i) any unvested time-vesting equity awards scheduled to vest during the12-monthperiod following the date of termination will vest in full on the date of termination, and (ii) with respect to any outstanding and unvested performance share units,(x) one-thirdof the target number of shares underlying the performance share units will remain eligible to vest if the date of termination is before the date that is two years prior to the vesting date,(y) two-thirdsof the target number of shares underlying the performance share units will remain eligible to vest if the date of termination is on or after the date which is two years prior to the vesting date but before the date that is one year prior to the vesting date and (z) 100% of the target number of shares underlying the performance share units will remain eligible to vest if the date of termination is on or after the date that is one year prior to the vesting date. The portion of the performance share units eligible to vest will remain outstanding and eligible to be earned at the end of the applicable performance period based on the applicable performance metrics as outlined in the applicable award agreement. If Ms. Feldman breaches any post-employment obligations, is hired or engaged by any competitor of the Company during the Severance Pay Period or is rehired by the Company during the Severance Pay Period, the Severance Payments will cease.

The Second A& R Employment Agreement also contains a customary perpetual confidentiality provision, as well as customary non-interference, non-solicitationand non-competitionprovisions that apply during employment and for the12-monthperiod thereafter.

The foregoing description of the Second A& R Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text and terms of the agreement, a copy of which