Joe Berchtold - Dec 31, 2022 Form 4 Insider Report for Live Nation Entertainment, Inc. (LYV)

Signature
Brian Capo, Attorney-in-Fact for Joe Berchtold
Stock symbol
LYV
Transactions as of
Dec 31, 2022
Transactions value $
-$27,538,583
Form type
4
Date filed
1/4/2023, 08:22 PM
Previous filing
Dec 23, 2022
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYV Common Stock Tax liability -$27.5M -395K -46.47% $69.74 455K Dec 31, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 31, 2022, 750,000 shares vested that were granted as part of a 2017 employment agreement grant. The shares were performance shares that were earned over 5 years as the stock price hit various thresholds, and only vested at the end of the contract to ensure Mr. Berchtold remained employed through then. Of these shares that vested, 394,875 shares were withheld for taxes. As a result, Mr. Berchtold has 454,835 shares following this vesting, 630,121 vested stock options, and up to 744,691 of unvested performance award shares.