Ahead of today’s earning report, seven of the top WWE executives sold thousands of shares according to documents filed with the United States Securities and Exchange Commission. The transactions were effected on July 22 and 23.
WWE is set to report another year-over-year decrease in revenue and last time it happened, WWE stocks went down from $99 to $82 overnight for the biggest drop in the company’s history. Yesterday, stocks finished the day trading at $68.50.
Vince McMahon sold 12,627 shares at $70.23, for a return of $886,794. Vince has the majority of shares of the company and remains in total control of voting shares.
Paul “Triple H” Levesque sold 17,563 shares at $70.23 each for a payout of $1,233,449. He remains in possession of 163,901 shares.
Stephanie McMahon sold 17,681 shares at $70.23 each for a payout of $1,241,736. Stephanie has 164,211 remaining WWE shares.
WWE Co-President Michelle Wilson sold 65,318 shares at $70.23 and took home $4,587,283. Wilson has 199,642 remains WWE shares.
WWE Co-President George Barrios had three transactions. 64,497 shares were sold at $70.23, 63,758 at $69.98, and 10,920 at $70.54. At the end of the day, Barrios walked out with $9,761,705. He remains with 143,027 WWE shares.
Kevin Dunn sold 68,628 at $70.23 and received $4,819,744. He has 149,059 WWE shares left.
Senior Vice President and Comptroller Mark Kowal sold 3,845 shares for a total payout of $270,034. He remains with 14,610 shares.
In total, these seven WWE execs cashed out $22,800,745 over two days.
