Form 4: Live Nation CEO Michael Rapino Reports Stock Transactions
SEC Form 4
Michael Rapino, CEO of Live Nation Entertainment, reports the acquisition and disposal of common stock and derivative securities related to performance share awards.
Summary
- Michael Rapino, the President and CEO of Live Nation Entertainment, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On May 13, 2025, Rapino acquired 161,852 shares of common stock upon the vesting of a portion of a previously-issued performance share award.
- Also on May 13, 2025, 43,579 shares were withheld for tax purposes related to the vesting of restricted stock grants at a price of $143 per share.
- Following these transactions, Rapino beneficially owns 4,203,409 shares of Live Nation Entertainment common stock.
- He also holds 150,604 derivative securities in the form of Performance Share Awards.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions.
Future Outlook
The vesting schedule for the restricted stock extends until December 31, 2027, contingent on continued employment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| March 21, 2024 | Date of amendment and restatement of the Live Nation Entertainment, Inc. 2005 Stock Incentive Plan. |
| July 1, 2022 | Start date of the performance period for the performance share awards. |
| May 13, 2025 | Date of transaction: Acquisition of 161,852 shares and disposal of 43,579 shares for tax purposes. |
| May 13, 2026 | 20% of the restricted stock issued in respect of performance share awards will vest. |
| May 13, 2027 | 20% of the restricted stock issued in respect of performance share awards will vest. |
| December 31, 2027 | The remaining 10% of the restricted stock issued in respect of performance share awards will vest, and the end date of the performance period. |
| May 15, 2025 | Date of signature by Attorney-in-Fact. |
Keywords
Live Nation Entertainment, Michael Rapino, Form 4, Stock, Performance Share Award, Beneficial Ownership, Securities, LYV
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