4//SEC Filing
Hopmans John 4
Accession 0001335258-24-000175
CIK 0001335258other
Filed
Nov 26, 7:00 PM ET
Accepted
Nov 27, 4:15 PM ET
Size
10.8 KB
Accession
0001335258-24-000175
Insider Transaction Report
Form 4
Hopmans John
EVP, M&A and Strategic Finance
Transactions
- Tax Payment
Common Stock
2024-11-25$140.54/sh−13,690$1,923,993→ 125,048 total - Exercise/Conversion
Performance Share Award
2024-11-25−54,022→ 175,503 total→ Common Stock (54,022 underlying) - Exercise/Conversion
Common Stock
2024-11-25+54,022→ 138,738 total
Footnotes (5)
- [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 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, 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 54,022 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.
Documents
Issuer
Live Nation Entertainment, Inc.
CIK 0001335258
Entity typeother
Related Parties
1- filerCIK 0001870543
Filing Metadata
- Form type
- 4
- Filed
- Nov 26, 7:00 PM ET
- Accepted
- Nov 27, 4:15 PM ET
- Size
- 10.8 KB