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Thursday, July 7, 2022

LIVE NATION EXTENDS RAPINO'S CONTRACT

Michael Rapino’s contract to run Live Nation Entertainment has been extended through the end of 2027.

Rapino will continue to serve as president and CEO and as a member of the board of directors, earning $3m in salary and a target annual compensation of $17m, which will be 90% performance-based and 10% guaranteed, according to documents filed with the SEC.

Beginning in 2023, Rapino will be entitled to an annual performance-based grant of restricted shares of company common stock with an annual target value of not less than $10m.

The LN topper will also receive a lump-sum cash signing bonus of $6m on 12/30. Maybe he'd like to buy an ad?

TAGS: Michael Rapino | Live Nation
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