Live Nation (NYSE: LYV) EVP reports tax withholding on vested stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Live Nation Entertainment executive vice president John Hopmans had 6,083 shares of common stock withheld to satisfy tax obligations arising from the vesting of restricted stock grants. The shares were valued at $179.79 per share. After this tax-withholding disposition, he directly owns 178,402 shares.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hopmans John
Role
EVP, M&A and Strategic Finance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,083 | $179.79 | $1.09M |
Holdings After Transaction:
Common Stock — 178,402 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 6,083 shares
Price per share: $179.79 per share
Shares owned after transaction: 178,402 shares
+1 more
4 metrics
Shares withheld for taxes
6,083 shares
Common stock withheld to satisfy tax obligations on restricted stock vesting
Price per share
$179.79 per share
Value applied to the 6,083 shares withheld for tax purposes
Shares owned after transaction
178,402 shares
Directly owned Live Nation common shares following the tax-withholding disposition
Tax-withholding transactions
1 transaction
Single F-code disposition classified as tax withholding
Key Terms
restricted stock grants, withheld for tax purposes, tax-withholding disposition, Form 4
4 terms
restricted stock grants financial
"upon vesting of restricted stock grants"
withheld for tax purposes financial
"Represents shares withheld for tax purposes upon vesting"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Live Nation (LYV) executive John Hopmans report?
John Hopmans reported a tax-withholding disposition of shares. A total of 6,083 Live Nation common shares were withheld to cover taxes upon vesting of restricted stock grants, rather than sold on the open market.
Was John Hopmans’ Live Nation (LYV) transaction an open-market sale?
No. The transaction was a withholding for taxes, not an open-market sale. Shares were retained by the company to satisfy tax liabilities triggered when restricted stock awards vested, according to the accompanying footnote disclosure.
What role does John Hopmans hold at Live Nation (LYV) in this insider report?
John Hopmans serves as EVP, M&A and Strategic Finance at Live Nation Entertainment. The reported transaction reflects tax withholding on his equity compensation, specifically restricted stock grants that recently vested under his executive compensation program.