-

Stephanie McMahon plans to sell over 500,000 WWE shares by end of 2015

Yesterday, the Stephanie McMahon Levesque Trust filed Form 8-K with the Securities and Exchange Commission authorizing a brokerage firm to sell a number of WWE Class B shares periodically starting August 10, 2015.

The shares for McMahon will be sold when the price per share is above certain levels with the plan expiring on December 31, 2015.

The maximum number of Class B shares that can be sold over the duration of the plan is 609,733 shares. In connection with the sales, the Class B Shares will be converted into shares of the Company’s Class A common stock.

At yesterday’s value of $14.30, the 609,733 shares have a value of over $8 million.

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!

LATEST NEWS

Full betting odds for night one of NXT Takeover: Stand & Deliver

It's night one of NXT Takeover: Stand & Deliver and following yesterday's early betting odds, today we present you...

NXT Takeover: Stand & Deliver night one live tonight on USA Network and WWE Network

Live tonight from the Capitol Wrestling Center inside the WWE Performance Center, WWE presents NXT Takeover: Stand & Deliver...

Bayley has no explanation why she’s not on the WrestleMania 37 card

In an interview with Alex McCarthy of UK-based TalkSPORT, former Smackdown Women's champion Bayley couldn't come up with an...
spot_img

Stories you might also likeRELATED
Recommended to you