The Wall Street Journal is estimating Live Nation CEO Michael Rapino took home $70 million in compensation last year, a mix of mostly stocks and cash, making him one of the highest paid non-S&P 500 CEOs in the country.
The news comes as Live Nation is on track to have another strong year, beating the Wall Street consensus in Q1 to reach nearly $1.5 billion in revenue, a 19-percent increase for the first three months of 2018. The LYV stock rose 60% last year with a market cap of $8.5 billion.
Rapino’s compensation includes $59.1 million in mostly stock-based compensation, part of a five-year contract renewal that has him running the company through 2022. The amount is based on performance and not guaranteed. When the stock awards are divided over the five-year vesting period, Rapino’s take home pay is closer to $22 million annually.