Live Nation (LYV) CEO receives restricted stock award with tax withholding

Rhea-AI Filing Summary

Live Nation Entertainment President & CEO Michael Rapino received 61,895 shares of restricted common stock as a performance-based award for the 2025 fiscal year. According to the disclosure, 30,948 shares vested immediately, while 30,947 are scheduled to vest on March 12, 2027, contingent on his continued employment.

The company withheld 16,697 shares at a price of $160.32 per share to cover tax obligations related to the vesting. After these compensation-related transactions, Rapino directly holds 4,246,786 shares of Live Nation common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Rapino Michael

(Last) (First) (Middle)

C/O LIVE NATION ENTERTAINMENT, INC.

9348 CIVIC CENTER DRIVE

(Street)

BEVERLY HILLS CA 90210

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Live Nation Entertainment, Inc. [ LYV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/12/2026		A		61,895	A	$0(1)	4,263,483	D
Common Stock	03/12/2026		F		16,697(2)	D	$160.32	4,246,786	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of restricted stock issued upon certification by the Compensation Committee of the Board of Directors of the Issuer of the attainment of qualitative performance goals by the Reporting Person previously set in respect of the 2025 fiscal year. Of these shares, (a) 50% (30,948) vested on the date of issuance, and (b) the remaining 50% (30,947) will vest on March 12, 2027, subject to the Reporting Person's continued employment with the Issuer.

2. Represents shares withheld for tax purposes upon vesting of the shares referred to in clause (a) of note 1 above.

Remarks:

	Brian Capo, Attorney-in-Fact for Michael Rapino	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did Live Nation (LYV) CEO Michael Rapino report?

Michael Rapino reported a grant of 61,895 restricted Live Nation shares tied to 2025 performance, with 30,948 vesting immediately. The company also withheld 16,697 shares at $160.32 each to cover taxes, leaving him holding 4,246,786 shares directly after the transactions.

How many Live Nation (LYV) shares did Michael Rapino receive and what are the vesting terms?

Rapino received 61,895 restricted shares based on achieving qualitative performance goals for fiscal 2025. Half, or 30,948 shares, vested on the grant date, while the remaining 30,947 are scheduled to vest on March 12, 2027, subject to his continued employment with Live Nation.

Why were some of Michael Rapino’s Live Nation (LYV) shares withheld?

Live Nation withheld 16,697 of Rapino’s shares to satisfy tax obligations triggered by the vesting of part of his restricted stock award. This disposition is classified as a tax-withholding transaction, not an open-market sale, and is a common mechanism for handling equity award-related taxes.

How many Live Nation (LYV) shares does Michael Rapino own after this Form 4?

Following the reported grant and tax withholding, Michael Rapino holds 4,246,786 shares of Live Nation common stock directly. This figure reflects his updated ownership position after the compensation-related restricted stock award and the withholding of shares to cover associated tax liabilities.

Is Michael Rapino’s Live Nation (LYV) Form 4 transaction a market buy or sell?

The filing shows a compensation-related restricted stock grant and tax withholding, not market trades. Rapino acquired 61,895 restricted shares at no purchase price, and 16,697 shares were withheld by the company for taxes, so there were no open-market buys or sells reported.