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Bob Iger Sells Off Half of His Disney Stock Holdings

Y2kTheNewOldies

Y2kTheNewOldies

www.nexttv.com

Bob Iger Sells Off Half of His Disney Stock Holdings

Sales net nearly $100 million
www.nexttv.com www.nexttv.com

Parts of this is due to leadership change at Disney.

Bob Iger, executive chairman of the Walt Disney Co., sold about $100 million worth of the company’s stock on June 1.

The sale represented about half of Iger’s holdings in the company he headed as CEO until last year.

According to documents filed with the Securities and Exchange Commission, Iger sold 550,570 shares at prices averaging just over $179 a share. The shares were sold in 173 separate transactions resulting from two sell orders.

After the sales, Iger had 500,000 shares of Disney stock worth $88.6 million based on the closing price of $177.18 on Friday, and another 20,551 shares in his Individual Retirement Account worth $3.6 million.
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