Clear Channel Outdoor enters new CEO employment agreement with Scott Wells through 2030

Clear Channel Outdoor Holdings, Inc.

Base salary of $1.2M, annual bonus target 120% of base, annual equity target $4M (min $2M).
Agreement effective Jan 1, 2026, extends term to Jan 1, 2030, with auto-renewals for 4-year periods.
Severance includes 18-month base salary, pro-rata bonus, target bonus lump sum, COBRA payment, and equity vesting acceleration.
Non-compete for 12 months post-employment covering major outdoor advertising competitors.
Existing agreement was set to expire Jan 1, 2026; new agreement replaces it.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.