-

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 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

Over 12,000 fans at Raw tonight in Edmonton, five matches announced

Monday Night Raw rolls into Edmonton, Alberta, Canada tonight as over 12,000 fans will jam pack Rogers Place for...

WWE to produce custom side plates for titles featuring SEC teams

Last year WWE announced that it has signed a deal with the Major League Baseball to produce custom title...

Safe gambling: 5 quick tips for beginners

The online gambling industry is doing better than ever, and it is expected to grow in the near future....
spot_img