Live Nation Entertainment has signed an amended and restated employment agreement with President and CEO Michael Rapino extending his tenure through December 31, 2031, the company said in a filing.
The new agreement, effective October 1, 2026, replaces Rapino's prior 2022 employment contract, which had been set to expire at the end of 2027. Under the new terms, Rapino will continue to serve as President and CEO, reporting directly to the company's Board of Directors, and will remain the company's highest-ranking executive.
Rapino's base salary is set at $3,000,000 per year, subject to review by the Compensation Committee at least annually. He is also eligible for an annual cash performance bonus with a target amount of $17,000,000, tied to the company's Adjusted Operating Income relative to targets set each year by the Compensation Committee, beginning with calendar year 2027. The bonus can range from zero, if performance falls below 90% of target, up to a maximum of 120% of the target bonus for performance at or above 120% of target.
Starting in 2027, Rapino will also receive annual grants of restricted company stock with a target value of at least $10,000,000, based on qualitative performance targets set by the Compensation Committee. Half of any earned shares vest immediately upon issuance, with the remainder vesting one year later, contingent on continued employment.
Rapino will not receive a performance bonus for calendar year 2026 under the new agreement, but will instead remain entitled to any bonus payable under the terms of the 2022 agreement for that year. The agreement also specifies that the company's principal place of employment for Rapino remains its headquarters in Los Angeles, California.
$LYVLive Nation EntertainmentPrice$166.86 ▼1.47%Mentions · 30d2Samplen=2Avg volume85,089View on the dashboardFinazon · prior-day close, indicative (IEX-derived, not the official close) · Oct 1, 2026