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?
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