Earlier today, it was reported that WWE’s Executive Producer & Chief, Global Television Distribution, Kevin Dunn may have been involved in some insider trading. The report said that Dunn sold a lot of his WWE stock while he was a member of WWE’s Board of Directors. Dunn sold the stock around the same time the board began its investigation into Vince McMahon.
In an update on the story, Kevin Dunn has not been a member of WWE’s Board of Directors for several years now. WWE’s Board of Directors features 12 people, including Triple H and Stephanie McMahon. Kevin Dunn is not one of the 12 members. Of course, he could still have inside knowledge due to being a high-ranking WWE official. Because Kevin Dunn is not a member of the board, he is allowed to sell his shares of stock without any restrictions.
With that being said, several top WWE executives do have some restrictions on when they can sell WWE stock. When they attempt to sell large amounts, they need to apply and receive corporate approval from the company. That process takes quite a bit of time.
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