Form 4: Live Nation CEO Michael Rapino Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Michael Rapino, CEO of Live Nation Entertainment, disposed of 32,038 shares of common stock on January 1, 2025, to cover tax obligations related to vesting restricted stock grants.
Summary
- On January 1, 2025, Michael Rapino, the President and CEO of Live Nation Entertainment, disposed of 32,038 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock grants.
- The shares were sold at a price of $129.23 per share.
- Following the transaction, Rapino directly owns 3,822,606 shares of Live Nation Entertainment.
- The transaction was reported on Form 4, filed with the SEC on January 3, 2024.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes). It's neutral in sentiment.
Industry Context
This type of transaction is common for executives who receive stock-based compensation. Selling shares to cover tax obligations upon vesting is a standard practice.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Date of transaction: Michael Rapino disposed of shares. |
| 01/03/2024 | Date of Form 4 filing. |
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