Rapino Michael 4
Research Summary
AI-generated summary
Live Nation (LYV) CEO Michael Rapino Sells 24,904 Shares
What Happened
Michael Rapino, President & CEO and a director of Live Nation (LYV), had 24,904 shares withheld to satisfy tax obligations related to the vesting of restricted stock. The withholding was recorded as a disposition on 2026-04-09 at $163.66 per share, for a total value of approximately $4,075,789. This is a tax-withholding transaction tied to RSU vesting rather than an open-market sale.
Key Details
- Transaction date and price: 2026-04-09 at $163.66 per share.
- Shares involved: 24,904 shares; total value ≈ $4,075,789.
- Transaction code/footnote: F (shares withheld for tax purposes). Footnote F1: "Represents shares withheld for tax purposes upon vesting of restricted stock grants."
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing: Form 4 filed 2026-04-13 (no late-filing flag provided in the excerpt).
Context
This was a routine tax-withholding disposition associated with the vesting of restricted stock (RSUs). Such withholdings are standard and do not represent an open-market sell order; they are done to satisfy tax liabilities when equity grants vest.