Bob Iger Sells Almost $42.7 Million In Disney Shares
A recent filing with the SEC indicates that Disney CEO Bob Iger sold 372,412 shares valued at $42,667,125.16. However, that is not the amount he gets to keep.
These stocks were vested to Iger, a contract in 2014, and are set to expire at the end of this year. Basically, he needed to sell them.
While they were worth about $42.7 million, Bob Iger would only get to keep part of that money.
The stock options he was granted had a “strike price” on them set at $92.24. This means that he can only profit from the difference between that price and the current stock price at the time of selling off the stocks and after taxes. The price of the stock at the time of sale was just over $115 per share. This means Iger could only profit about $23 per share, dropping the actual amount he can get down to about $8.7 million and then taxes.
These stocks were vested to Iger, a contract in 2014, and are set to expire at the end of this year. Basically, he needed to sell them.
While they were worth about $42.7 million, Bob Iger would only get to keep part of that money.
The stock options he was granted had a “strike price” on them set at $92.24. This means that he can only profit from the difference between that price and the current stock price at the time of selling off the stocks and after taxes. The price of the stock at the time of sale was just over $115 per share. This means Iger could only profit about $23 per share, dropping the actual amount he can get down to about $8.7 million and then taxes.
- 11/23/2024
- by Kambrea Pratt
- Pirates & Princesses
Similar News
10 Best Movies Like ‘Fight or Flight’ To Watch If You Loved the Film
- 5/10/2025
- by Kulwant Singh
- Cinema Blind
‘Summer of 69’ Review: Ecstatically Funny Teen Sex Comedy Deserves Better Than Hulu Streaming
- 5/10/2025
- by William Bibbiani
- The Wrap
Last-Minute Mother’s Day Gift Ideas: How to Give Paramount+, Peacock and Other Streaming Subscriptions in a Pinch
- 5/9/2025
- by Claire Franken
- TVLine.com
Too much Marvel? Cardinals watching ‘Conclave’? What to read this weekend: May 9, 2025
- 5/10/2025
- by Joyce Eng
- Gold Derby
Disney in a Pickle: Portland Baseball Team Sues Over Pixar’s Win or Lose
- 5/10/2025
- by Ivy Adams
- Pirates & Princesses
Charlie Cox Spends Another Late Night on Set of 'Daredevil: Born Again' Season 2 in Brooklyn
- 5/9/2025
- by Just Jared
- Just Jared
Things Disney Might Censor for Their Abu Dhabi Theme Park
- 5/10/2025
- by Ivy Adams
- Pirates & Princesses
Predicting the price and name of ESPN's new streamer
- 5/9/2025
- by David Satin
- The Streamable
Disney Didn’t Have Enough Money for Tony Gilroy’s Horror Episode in Andor: “It was a monster movie with K2”
- 5/9/2025
- by Nishanth A
- FandomWire
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.