-

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.

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

NXT rating for 03/26/2024

NXT this week drew 601,000 viewers, up 32,000 viewers from the prior week. The show had a 0.17 rating...

WWE Speed to debut on X on April 3

The WWE Speed weekly show which will air exclusively on X will start next week on Tuesday, April 3. Speed...

A selection of the best online casinos in the Netherlands in 2024

Recently, users from the Netherlands are getting access to more and more different online casinos, which are not only...

Discover more from Wrestling-Online.com

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

Continue reading