-

Vince McMahon sells 1.5 million WWE Class A common stock

In today’s WWE 8-K filing with the Securities and Exchange Commission it was revealed that Vince McMahon, Chairman and CEO of WWE sold 1,547,372 shares of Class A common stock of World Wrestling Entertainment, Inc., in a block trade.

The shares were sold from McMahon’s grantor retained annuity trust (GRAT) which was established for estate planning purposes for the benefit of himself and certain members of his family. Mr. McMahon has no further plans to sell shares of the company’s stock and that he intends to continue in his capacity as the Chairman and Chief Executive Officer for the foreseeable future.

The 1,547,372 shares sold represent approximately 2% of the Company’s total outstanding shares of Class A and Class B common stock. After the sale, Mr. McMahon beneficially owns 35,533,375 shares of the Company’s Class B common stock, which represents approximately 85% of the Company’s total voting power and approximately 46.5% of the Company’s total outstanding shares of common stock.

On August 15, WWE Executive Producer Kevin Dunn sold 56,000 WWE shares for a $387,173 payout.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Travis Scott launches first wrestling shirt with WWE

Grammy-nominee Travis Scott dropped his first wrestling merchandise on his website in collaboration with WWE. Scott, who was blamed for...

AEW Revolution 2025 live on pay-per-view tonight

Live from the Crypto.com Arena in Los Angeles, California, AEW presents Revolution 2025 on pay-per-view. The full card is...

Nikki and Brie Bella comment on John Cena’s heel turn: “It was amazing”

Nikki and Brie Bella were asked about the John Cena heel turn during the Queen of the Ring movie...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading