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

Role: President & CEO, Director
Signature: Brian Capo, Attorney-in-Fact for Michael Rapino
Stock symbol: LYV
Transactions as of: Dec 31, 2022
Transactions value $: -$45,521,878
Form type: 4
Date filed: 1/4/2023, 08:23 PM
Previous filing: Dec 23, 2022
Next filing: Feb 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LYV	Common Stock	Tax liability	-$45.5M	-653K	-15.77%	$69.74	3.49M	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, 1,267,000 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. Rapino remained employed through then. Of these shares that vested, 652,737 shares were withheld for taxes. As a result, Mr. Rapino has 3,486,646 shares following this vesting, 627,602 vested stock options, and up to 1,117,037 of unvested performance award shares.

Content

On December 31, 2022, 1,267,000 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. Rapino remained employed through then. Of these shares that vested, 652,737 shares were withheld for taxes. As a result, Mr. Rapino has 3,486,646 shares following this vesting, 627,602 vested stock options, and up to 1,117,037 of unvested performance award shares.