0001335258-24-000047.txt : 20240411
0001335258-24-000047.hdr.sgml : 20240411
20240411193831
ACCESSION NUMBER: 0001335258-24-000047
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240409
FILED AS OF DATE: 20240411
DATE AS OF CHANGE: 20240411
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Rapino Michael
CENTRAL INDEX KEY: 0001337041
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32601
FILM NUMBER: 24839700
MAIL ADDRESS:
STREET 1: 9348 CIVIC CENTER DRIVE
STREET 2: FOURTH FLOOR
CITY: BEVERLY HILLS
STATE: CA
ZIP: 90210
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Live Nation Entertainment, Inc.
CENTRAL INDEX KEY: 0001335258
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900]
ORGANIZATION NAME: 07 Trade & Services
IRS NUMBER: 203247759
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 9348 CIVIC CENTER DRIVE
CITY: BEVERLY HILLS
STATE: CA
ZIP: 90210
BUSINESS PHONE: 310-867-7200
MAIL ADDRESS:
STREET 1: 9348 CIVIC CENTER DRIVE
CITY: BEVERLY HILLS
STATE: CA
ZIP: 90210
FORMER COMPANY:
FORMER CONFORMED NAME: Live Nation, Inc.
DATE OF NAME CHANGE: 20060111
FORMER COMPANY:
FORMER CONFORMED NAME: CCE Spinco, Inc.
DATE OF NAME CHANGE: 20050804
4
1
wk-form4_1712878702.xml
FORM 4
X0508
4
2024-04-09
0
0001335258
Live Nation Entertainment, Inc.
LYV
0001337041
Rapino Michael
C/O LIVE NATION ENTERTAINMENT, INC.
9348 CIVIC CENTER DRIVE
BEVERLY HILLS
CA
90210
1
1
0
0
President & CEO
0
Common Stock
2024-04-09
4
M
0
230803
0
A
3712993
D
Common Stock
2024-04-10
4
F
0
62029
101.42
D
3650964
D
Performance Share Award
2024-04-09
4
M
0
230803
0
D
Common Stock
230803
886234
D
Reporting person received this restricted stock award under the Live Nation Entertainment, Inc. 2005 Stock Incentive Plan, as amended and restated as of March 19, 2015, in connection with the vesting of a portion of a previously-issued performance share award upon the attainment of a stock price target, as further set forth in footnotes 3-5 below. 50% of these shares vested on April 10, 2024. The remaining shares will vest 20% on April 9, 2025, 20% on April 9, 2026 and 10% on April 9, 2027, as explained in footnote 5 below.
Represents shares withheld for tax purposes upon vesting of restricted stock grants.
Each performance share award represents the right to receive a share restricted stock upon attainment by Issuer, from time to time, of stock price targets (based on the closing price of Issuer's common stock on the NYSE) over sixty days (which days to not have to be consecutive; the "Performance Targets") during a performance period beginning on July 1, 2022 and ending on December 31, 2027. Settlement will occur, and shares of restricted stock will be issued, if and when a particular Performance Target is met.
The attainment of a stock price target resulted in the vesting and conversion of 230,803 performance shares into an equal number of shares of restricted stock reflected in Table 1.
The shares of restricted stock issued in respect of performance share awards upon attainment of a particular Performance Target will vest, and the restrictions thereon will lapse, as follows: (i) 50% will vest on the date of attainment of the corresponding Performance Target, (ii) 20% will vest on the second anniversary of such attainment date, (iii) 20% will vest on the third anniversary of such attainment date, and (iv) the remaining 10% will vest on the third anniversary of such attainment date (to the extent such anniversary occurs before December 31, 2027). To the extent any earned Performance Target share awards remain unvested as of December 31, 2027, such shares will vest on December 31, 2027. Vesting of performance share awards and shares of restricted stock issued in respect thereof is subject to the reporting person's continued employment with Issuer through the applicable vesting date.
Brian Capo, Attorney-in-Fact for Michael Rapino
2024-04-11