Bob Iger Sells $42.7M In Disney Stock, Following Through On Plan Revealed Earlier This Month
Bob Iger, who is in the home stretch of his two-chapter run as CEO of the Walt Disney Co., is selling $42.7 million in stock.
The move, disclosed in an SEC filing on Friday, makes good on a plan detailed by the company earlier this month for Iger to exercise an option to sell shares.
The most recent filing said Iger is selling 372,412 shares, the maximum allowed under an option plan adopted earlier this year. The plan was set to expire in December.
Shares in Disney have experienced volatility this year as the company contended with a proxy battle from numerous activists and grappled with ongoing challenges in many of its businesses. The stock closed Friday at $115.65, up nearly 1% for the day and within sight of its 52-week high of $123.74. Shares have rallied in recent weeks as the company issued optimistic guidance for fiscal 2025 and posted increasing profit in its streaming unit.
The move, disclosed in an SEC filing on Friday, makes good on a plan detailed by the company earlier this month for Iger to exercise an option to sell shares.
The most recent filing said Iger is selling 372,412 shares, the maximum allowed under an option plan adopted earlier this year. The plan was set to expire in December.
Shares in Disney have experienced volatility this year as the company contended with a proxy battle from numerous activists and grappled with ongoing challenges in many of its businesses. The stock closed Friday at $115.65, up nearly 1% for the day and within sight of its 52-week high of $123.74. Shares have rallied in recent weeks as the company issued optimistic guidance for fiscal 2025 and posted increasing profit in its streaming unit.
- 23/11/2024
- por Dade Hayes
- Deadline Film + TV
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