Following his departure from the company, it appears Vince McMahon has forfeited a small percentage of his WWE shares. An SEC filing was made on Tuesday announcing that the former CEO has divested 38,519 shares, accumulating to approximately $2.7 million.
In regards to the divesture:
Explanation of Responses:
(1) 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.
(2) 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.
Wrestlenomics’ Brandon Thurston noted on Twitter that the amount equates to 0.01% of McMahon’s WWE ownership.
“Vince McMahon forfeit a small number of shares (relative to his ownership) Friday, due to retirement, which were unvested stock units. The 38,519 shares have a market value of $2.7 million. He still has 28.7 million shares.
38,519 = 0.01% of Vince’s WWE ownership”
Vince McMahon forfeit a small number of shares (relative to his ownership) Friday, due to retirement, which were unvested stock units. The 38,519 shares have a market value of $2.7 million. He still has 28.7 million shares.
38,519 = 0.1% of Vince's WWE ownership pic.twitter.com/U53xFSbIFN
— Brandon Thurston (@BrandonThurston) July 26, 2022
McMahon announced his retirement on social media last Friday. CEO responsibilities have been given to Stephanie McMahon and Nick Khan.
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