Michael Rowles - Nov 25, 2024 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
Nov 25, 2024
Transactions value $
-$525,339
Form type
4
Date filed
11/27/2024, 04:16 PM
Previous filing
Sep 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYV Common Stock Options Exercise $0 +13.9K +8.3% $0.00 181K Nov 25, 2024 Direct F1
transaction LYV Common Stock Tax liability -$525K -3.74K -2.06% $140.54 178K Nov 25, 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 -13.9K -23.54% $0.00 45.2K Nov 25, 2024 Common Stock 13.9K 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 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 November 25, 2024. The remaining shares will vest 20% on November 25, 2025, 20% on November 25, 2026 and 10% on November 25, 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 13,906 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.