Live Nation CFO Joe Berchtold sold 10,834 shares at $181.77 to cover taxes from vesting restricted stock grants.
Live Nation Entertainment Inc. (NYSE:LYV) CFO Joe Berchtold sold 10,834 shares on August 6 at $181.77 per share, totaling $1.97 million. The transaction was non-discretionary, executed solely to cover tax liabilities from vesting restricted stock grants.
Berchtold retains 901,617 shares, valued at $163.89 million as of the August 6 market close. The company’s stock has delivered a 22% one-year return, with trailing twelve-month revenue of $26.3 billion and net income of $134.7 million.
Live Nation’s market capitalization stands at $42.3 billion, reflecting its position in the entertainment sector.