-

Vince McMahon forfeits 38,519 in WWE stocks

Former WWE CEO and Chairman Vince McMahon forfeited 38,519 in Class A Common WWE stock in connection with his “retirement” from WWE effective July 22. The documents with the United States Securities and Exchange Commission were published yesterday.

These were part of unvested stock units and exclude the 100 shares of Class A Common Stock owned individually by Linda McMahon who Vince disclaims beneficial ownership of those shares.

The 38,519 shares were worth over $2.6 million and McMahon still has 69,157 Class A stock, which are different than the Class B stock which gives him overall majority ownership of the company. Those 69,000 shares are worth close to $5 million as of today.

McMahon resigned from his many roles on July 22 after running the company for the past 40 years. His departure sent shockwaves throughout the wrestling industry as WWE braces for more McMahon hush money stories and investigations.


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

Smackdown preview for 10/04/2024

The Bad Blood go-home episode of Smackdown airs tonight live on USA Network from the Bridgestone Arena in Nashville,...

Early betting odds for Bad Blood 2024

WWE is back with another premium live event as Bad Blood takes place live from Atlanta, Georgia tomorrow with...

Taz to undergo knee replacement surgery

It's going to be a few months before you hear Taz on AEW commentary again as the former ECW...

Discover more from Wrestling-Online.com

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

Continue reading