WWE News: Several top executives selling company stock
What's the story?
According to the recent SEC Filings by WWE, it appears that several top executives, including Vince McMahon, Stephanie McMahon, Triple H, and Kevin Dunn have sold several company shares of stock dating back to Monday, July 22nd.
In case you didn't know . . .
WWE is a publicly-traded company and has several different corporate sponsors and partnerships. While the likes of Shane McMahon, Stephanie McMahon and Vince McMahon are usually seen as on-screen characters, they are also big parts of the WWE's corporate structure.
While he isn't seen on a weekly basis on either RAW or SmackDown, Kevin Dunn is a well-known name for being in charge of how WWE programming is visually presented. He has been a member of the WWE for more than 20 years.
The heart of the matter
The report from Wrestling Inc mentions that key WWE executives filed with the United States Securities and Exchanges Commission to sell various amounts of company stock.
Among the names included are WWE CEO Vince McMahon who sold 12,627 shares at $70.23/share and has 69,113 remaining. WWE Co-President George Barrios sold 64,497 shares at $70.23, as well as 63,758 more shares at $69.98, and 10,920 at $70.54. He has 143,027 remaining.
Kevin Dunn, who is well-known for his behind the scenes work, is the WWE Executive Vice President, Television Production and he sold 68,628 shares at $70.23 with 149,059 remaining.
Paul Levesque, who is better known as Triple H, is the WWE Executive Vice President of Talent, Live Events and Creative. He sold 17,563 shares at $70.23 and has 163,901 remaining. His wife Stephanie Levesque (McMahon), who is the WWE Chief Brand Officer, sold 17,681 shares at $70.23 and has 164,211 remaining.
Others listed by the report include WWE Co-President Michelle Wilson, who sold 65,318 shares at $70.23 and has 199,642 remaining and WWE Corporate Controller Mark Kowal who has 14,610 shares remaining after selling 3,845 shares at $70.23.
What's next?
WWE executives sell stock all the time and will continue to do so in the future. It's a publicly-traded company and operates as such.