Live Nation Entertainment management check
LYV · Communication Services · Movies & Entertainment · CEO Michael Rapino
Filings as of
4 good · 2 to watch · 1 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $194, against $82 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.53 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Flag
What does the CEO cost owners?
6.6% of net income$32.6m of reported pay in fiscal 2025, against $496.0m of net income.
- Watch
Do they own the stock?
CEO stake ≈ 23 years of payThe CEO holds 4,188,167 shares, directly or through trusts (unvested awards not counted): about 23 years of pay. 4 insiders sold $26.8m in the last six months and none bought.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +0.2% a year over the last three fiscal years. Stock-based pay was 0.6% of revenue in the latest year.
- Good
Is leadership stable?
5 leadership filings in 3 yearsCEO in the pay table: Michael Rapino. 5 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Communication Services.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 27 | |
| Pay for performance | 76 | 76 | |
| CEO cost | 0 | 72 | |
| Skin in the game | 80 | 75 | |
| Dilution | 48 | 65 | |
| Stable leadership | 100 | 93 | |
| Clean books | 100 | 100 |
Closest peers
Others in Movies & Entertainment, by management score. Live Nation Entertainment is 6th of 18 in its sector.
- 83RDDTReddit78
- 97CMCSAComcast76
- 153LYVLive Nation Entertainment72
- 318NFLXNetflix60
- 352TKOTKO Group Holdings58
- 417DISWalt Disney Company (The)51
Pay versus performance
From the proxy statement filed April 24, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Michael Rapino | $32.6m | $52.3m | $3.3m | $194 | $82 | $496.0m |
| 2024 | Michael Rapino | $33.0m | $94.3m | $3.3m | $176 | $80 | $896.3m |
| 2023 | Michael Rapino | $23.4m | $68.2m | $8.3m | $127 | $59 | $556.9m |
| 2022 | Michael Rapino | $139.0m | $35.6m | $16.4m | $95 | $35 | $266.4m |
| 2021 | Michael Rapino | $13.8m | $84.3m | $2.4m | $163 | $106 | −$650.9m |
The board says pay is tied most to Adjusted Operating Income. Its other key measures: Adjusted Operating Income (Loss), Stock Price.
Insiders and the CEO's stake
Michael Rapino (President & CEO) held 4,188,167 shares directly after their latest Form 4 on Aug 6, 2026, roughly $761.3m at that filing's price.
4 insiders sold $26.8m in the last six months and none bought.
- SoldJohn HopmansEVP, M&A and Strategic Finance$15.5mMay 7, 2026
- SoldMichael RowlesEVP & General Counsel$10.5mMay 8, 2026
- SoldBrian CapoChief Accounting Officer$534kAug 24, 2026
- SoldJeffrey T. HinsonDirector$370kJun 15, 2026
Leadership and governance on file
- Oct 2, 2026Leadership change8-K 5.02
- Sep 25, 2026Leadership change8-K 5.02
- Jun 13, 2025Leadership change8-K 5.02
- May 20, 2025Leadership change8-K 5.02
- Jun 14, 2024Leadership change8-K 5.02
- Oct 13, 2023Leadership change8-K 5.02
- Jun 15, 2023Leadership change8-K 5.02
- Apr 13, 2023Leadership change8-K 5.02
- Dec 23, 2022Leadership change8-K 5.02
- Jul 6, 2022Leadership change8-K 5.02
Latest shareholder vote results: Jun 12, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $23.5m returned to owners in buybacks and dividends, 2% of net income, and $700.9m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.3bn | $16.7bn | $22.7bn | $23.2bn | $25.2bn |
| Net income | −$650.9m | $266.4m | $556.9m | $896.3m | $496.0m |
| Stock-based pay | $209.3m | $110.0m | $116.0m | $110.3m | $155.2m |
| Buybacks | — | — | $0 | $0 | $23.5m |
| Dividends | — | — | — | — | — |
| Diluted shares | 217m | 232m | 231m | 236m | 232m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.