Vince McMahon Forfeits Over $2.6 Million Worth Of WWE Stock

10 months ago by Sanchez Taylor

Vince McMahon Forfeits Over $2.6 Million Worth Of WWE Stock WWE

An update has emerged on Vince McMahon’s WWE stock following his retirement announcement on July 22.

Following the announcement that Stephanie McMahon and Nick Khan will be the new co-CEOs of WWE, and the confirmation that Triple H will run creative, WWE stock prices rose significantly, reaching the highest price since 2019.

Per a new SEC filing, McMahon has disposed of 38,519 shares of WWE stock at $0. Based on the closing market price on July 26, the stock would’ve been worth over $2.6 million.

According to the filing, the stock:

  • Consists of a portion of unvested stock units previously reported in Table I which were forfeited by Mr. McMahon in connection with his retirement from the Company effective July 22, 2022.
  • Excludes 100 shares of Class A Common Stock owned individually by Mr. McMahon’s wife, Linda McMahon. Mr. McMahon disclaims beneficial ownership of those shares.

McMahon still owns 69,157 shares of stock, not including the aforementioned 100 shares.

Prior to his retirement announcement, McMahon had stepped away from his roles as Chairman and CEO in June amid an investigation surrounding ‘hush pact’ allegations.

For everything we currently know about Vince McMahon retiring, click here. You can find further updates and follow-ups on Vince McMahon at this link.

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