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Vince McMahon Sells Over 1.5 Million Shares Of WWE Stock Today
- Updated: August 17, 2016
WWE CEO Vince McMahon today sold 1.547 million shares of WWE stock for purposes of estate planning. The sale price was not revealed. WWE stock closed today at $20.97, so if you were to use that price, the sale would net McMahon over $32.44 million.
This is not the first block trade sale executed on behalf of McMahon this year. McMahon sold 2.19 million shares this past May at a sale price of $16.50 per share, which amounted to $36.2 million.
Below is the filing with the SEC detailing the “block trade” transaction:
On August 17, 2016, the Vincent K. McMahon 2013 Irrev. Trust U/A dtd. December 5, 2013 (the “GRAT”) sold 1,547,372 shares of …
continue reading in source www.WrestlingInc.com
