Live Nation extends CEO Michael Rapino's employment agreement through December 31, 2031

Live Nation Entertainment, Inc.

Live Nation and CEO Michael Rapino entered an amended employment agreement effective October 1, 2026, with a term ending December 31, 2031.
Rapino's base salary remains $3,000,000; target annual cash bonus is $17,000,000, based on adjusted operating income targets, with 2026 bonus under the prior 2022 agreement.
Upfront RSU grant is $20,000,000, vesting 40%/20%/20%/10%/10% over five years; 2027 annual grants include $10,000,000 performance shares, $15,000,000 time-based RSUs, and $15,000,000 target PSUs.
Severance: termination without cause or good reason pays 2x base salary plus recent bonus and most recent Annual Performance Shares, with full equity acceleration.
Change in control accelerates all unvested equity, except Annual PSU Awards vest based on actual performance through the change in control date.

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