Related News
Disney CEO Bob Iger Sells $42.7 Million Worth of Company Stock
Reading now: 175
variety.comTodd Spangler NY Digital Editor Bob Iger, chief executive of Disney, cashed out a chunk of his stock options worth $42.7 million, according to a regulatory filing.
Iger sold 372,412 shares of Disney on Nov. 22, with an aggregate market value of $42,667,125.16, according to an SEC filing.
Those shares were vested stock options Iger was granted in 2014 that were set to expire in December; he exercised the options under a trading plan adopted last week.
Note that Iger is not pocketing $42.7 million. The options granted in 2014 have an exercise price (aka “strike price”) of $92.24/share, which is the price at which he could buy the shares.
Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
