Form 4: Live Nation Entertainment Director Hollingsworth Acquires Shares
SEC Form 4 Filing
Chad Hollingsworth, a director at Live Nation Entertainment, acquired 2,115 shares of common stock on June 13, 2024, as part of a restricted stock award.
Summary
- On June 13, 2024, Chad Hollingsworth, a director of Live Nation Entertainment, acquired 2,115 shares of common stock.
- The acquisition was part of a restricted stock award under the Live Nation Entertainment, Inc. 2005 Stock Incentive Plan, as amended and restated as of March 21, 2024.
- The shares were acquired at a price of $0.
- These shares will vest in full on June 13, 2025.
- Following the transaction, Hollingsworth directly owns 12,381 shares of Live Nation Entertainment.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard stock transaction. The acquisition of shares by a director is generally viewed as a positive sign, but it's a routine disclosure.
Positives
- The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of a director's stock transaction, which is common in publicly traded companies. It provides transparency to investors regarding the ownership stake of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| March 21, 2024 | Date of amendment and restatement of the Live Nation Entertainment, Inc. 2005 Stock Incentive Plan |
| June 13, 2024 | Date of transaction: Chad Hollingsworth acquired 2,115 shares of common stock |
| June 13, 2025 | Vesting date for the restricted stock award |
| June 14, 2024 | Date of signature of the report by Brian Capo, Attorney-in-Fact |
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