Live Nation Entertainment, Inc. (LYV) Form 8-K — Oct 2, 2026
Live Nation Entertainment's 8-K discloses that CEO Michael Rapino signed an amended and restated employment agreement effective October 1, 2026, keeping him as President and CEO and board member through December 31, 2031. The agreement was unanimously approved by the Board with Rapino abstaining. Rapino's compensation structure is heavily performance-weighted: 70% performance-based, 25% time-based equity, and only 5% guaranteed salary. His $3 million base salary and $17 million target cash bonus are unchanged, with the bonus tied to adjusted operating income achievement (0% below 90% AOI achievement, capped at 120% of target).
Key figures
- Base Salary
- 3000000
- Agreement Term
- October 1, 2026 through December 31, 2031
- Target Cash Bonus
- 17000000
- Psu Maximum Payout
- 200% of target at or above 75th percentile relative TSR
- Severance Multiplier
- 2x base salary + prior bonus + most recent Annual Performance Shares value
- Upfront Rsu Grant Value
- 20000000
- Target Compensation Mix
- 70% performance-based, 25% time-based equity, 5% salary
- Annual Psu Target Grant Value
- 15000000
- Annual Time Based Rsu Grant Value
- 15000000
- Annual Performance Shares Target Value
- 10000000
AI analysis
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