John Hopmans - Jul 11, 2024 Form 4 Insider Report for Live Nation Entertainment, Inc. (LYV)

Role: EVP, M&A and Strategic Finance
Signature: Brian Capo, Attorney-in-Fact for John Hopmans
Stock symbol: LYV
Transactions as of: Jul 11, 2024
Transactions value $: -$1,413,271
Form type: 4
Date filed: 7/12/2024, 05:15 PM
Previous filing: Apr 2, 2024

This filing has been restated, see here for the amended filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LYV	Common Stock	Options Exercise	$0	+59.8K	+149.11%	$0.00	99.9K	Jul 11, 2024	Direct	F1
transaction	LYV	Common Stock	Tax liability	-$1.41M	-14.7K	-14.76%	$95.88	85.1K	Jul 11, 2024	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	-59.8K	-20.66%	$0.00	230K	Jul 11, 2024	Common Stock	59.8K		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 July 11, 2024. The remaining shares will vest 20% on July 11, 2025, 20% on July 11, 2026 and 10% on July 11, 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, 2024 and ending on December 31, 2028. 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 59,775 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, 2028). To the extent any earned Performance Target share awards remain unvested as of December 31, 2028, such shares will vest on December 31, 2028. 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.