vince mcmahon He instantly pocketed more than $400 million on Monday, according to a recent SEC filing… after selling some of his TKO stock after leaving the company amid sexual assault allegations.
McMahon gave up 5.35 million shares, or about 25% of his stock, and continued to hold the remaining 15 million shares of WWE and UFC’s parent company.
SEC filings list the value of the stock at $411.95 million…although yesterday’s TKO stock price closed at $81.67 (5.35 million shares), making it worth closer to $436 million. There is a possibility that there is.
The news came out more than a month later. Former mayor resigned He was removed from his role as TKO’s executive chairman following a lawsuit filed by a former staffer accusing him of heinous sexual conduct and misconduct.
McMahon maintains his innocence, but felt he needed to resign “out of respect for the WWE Universe.”
This is McMahon’s second major stock sale. Back in November, he sold 8.4 million shares for a profit of about $700 million.
Mr McMahon has distanced himself from public life since the allegations, but vowed to fight back. Janelle GrantPlease clear his name and clear his name…and perhaps some of his large salary will be used to pay for his legal fees.
