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 24,858 shares of common stock on April 9, 2025, to cover tax obligations related to vesting restricted stock grants.
Summary
- On April 9, 2025, Michael Rapino, the President and CEO of Live Nation Entertainment, disposed of 24,858 shares of Live Nation common stock.
- The transaction was executed at a price of $131.75 per share.
- The disposal was due to shares being withheld for tax purposes upon the vesting of restricted stock grants.
- Following the transaction, Rapino still beneficially owns 4,085,136 shares of Live Nation common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
This type of transaction is common for executives who receive stock as part of their compensation. Disposing of shares to cover tax obligations upon vesting is a standard practice.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units (RSUs).
- Upon vesting, these RSUs are taxed as ordinary income, leading executives to sell a portion of their shares to cover these tax liabilities.
- Similar transactions are regularly observed among executives at comparable companies like AEG Presents and Ticketmaster.
Key Dates
| Date | Description |
|---|---|
| 04/09/2025 | Date of the transaction where Michael Rapino disposed of shares. |
| 04/11/2025 | Date of signature for the Form 4 filing. |
Keywords
Live Nation Entertainment, Michael Rapino, stock disposal, Form 4, insider trading, restricted stock, tax obligations
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