Live Nation (LYV) CEO Rapino has shares withheld to cover restricted stock taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Live Nation Entertainment President & CEO Michael Rapino reported a routine tax-related share disposition. On the reported date, 17,464 shares of Common Stock were withheld at $168.4600 per share to cover tax obligations tied to the vesting of restricted stock grants.
This was classified as a tax-withholding disposition, not an open-market sale. After this transaction, Rapino directly holds 4,204,418 shares of Live Nation Entertainment common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rapino Michael
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 17,464 | $168.46 | $2.94M |
Holdings After Transaction:
Common Stock — 4,204,418 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 17,464 shares
Withholding price per share: $168.4600 per share
Shares owned after transaction: 4,204,418 shares
3 metrics
Shares withheld for taxes
17,464 shares
Tax-withholding disposition tied to restricted stock vesting
Withholding price per share
$168.4600 per share
Value used for tax-withheld shares
Shares owned after transaction
4,204,418 shares
Direct LYV common stock holdings after tax withholding
Key Terms
tax-withholding disposition, restricted stock grants, Common Stock, Form 4
4 terms
tax-withholding disposition financial
"This was classified as a tax-withholding disposition, not an open-market sale."
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.
restricted stock grants financial
"tax purposes upon vesting of restricted stock grants."
Common Stock financial
"shares of Common Stock were withheld at $168.4600 per share"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"Michael Rapino’s Live Nation (LYV) Form 4 a stock sale?"
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) CEO Michael Rapino report?
Michael Rapino reported a tax-withholding disposition of 17,464 Live Nation shares. These shares were withheld by the company to cover taxes due upon vesting of restricted stock grants, rather than sold in the open market.
Was Michael Rapino’s Live Nation (LYV) Form 4 a stock sale?
The Form 4 shows a tax-withholding disposition, not an open-market stock sale. Shares were automatically withheld to satisfy tax obligations from vested restricted stock, a common administrative event in equity compensation plans.
What does transaction code F mean on Michael Rapino’s Live Nation (LYV) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 17,464 shares were withheld for taxes upon vesting of restricted stock, classifying the event as a tax-withholding disposition.