Michael Rowles - Jan 7, 2025 Form 4 Insider Report for Live Nation Entertainment, Inc. (LYV)

Signature
Brian Capo, Attorney-in-Fact for Michael Rowles
Stock symbol
LYV
Transactions as of
Jan 7, 2025
Transactions value $
-$451,147
Form type
4
Date filed
1/10/2025, 05:22 PM
Previous filing
Nov 27, 2024
Next filing
Feb 10, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYV Common Stock Options Exercise $0 +12.7K +7.14% $0.00 190K Jan 7, 2025 Direct F1
transaction LYV Common Stock Tax liability -$451K -3.48K -1.83% $129.64 187K Jan 7, 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LYV Performance Share Award Options Exercise $0 -12.7K -28.08% $0.00 32.5K Jan 7, 2025 Common Stock 12.7K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting person received this restricted stock award under the Live Nation Entertainment, Inc. 2005 Stock Incentive Plan, as amended and restated as of March 21, 2024, 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 January 7, 2025. The remaining shares will vest 20% on January 7, 2026, 20% on January 7, 2027 and 10% on December 31, 2027, as explained in footnote 5 below.
F2 Represents shares withheld for tax purposes upon vesting of restricted stock grants.
F3 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 January 1, 2023 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.
F4 The attainment of a stock price target resulted in the vesting and conversion of 12,685 performance shares into an equal number of shares of restricted stock reflected in Table 1.
F5 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 first anniversary of such attainment date, (iii) 20% will vest on the second 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.