Clear Channel Enhances Executive Compensation and Governance

The latest update is out from Clear Channel Outdoor Holdings (CCO).

Clear Channel Outdoor Holdings, Inc. has awarded one-time performance-based restricted stock units (PSUs) to its executive officers under the 2024 Plan, contingent on stock price performance hurdles over a four-year period starting May 31, 2024. These PSUs, designed to align executive interests with shareholder value, vest in increments based on stock price increases of 60%, 108%, and 172% from the base price of $1.56. The overall executive compensation program, which includes a variety of incentive awards, was approved by the stockholders at the Annual Meeting, along with the election of directors, executive compensation advisory resolutions, and other proposals.

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