Vince McMahon sold 2,191,894 shares of WWE stock on Monday, according to a document filed with the SEC and listed at Corporate.WWE.com. “After the sale, Mr. McMahon beneficially owns 37,080,747 shares of the Company’s Class B common stock, which represents approximately 86% of the Company’s total voting power and approximately 48.8% of the Company’s total outstanding shares of common stock,” reads the SEC filing.
Powell’s POV: The filing also states that “Mr. McMahon informed the Company that he has no current plans to sell any shares of the Company’s stock and that he intends to continue in his capacity as the Company’s Chairman and Chief Executive Officer for the foreseeable future.”
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