Earlier this week, WWE CEO and Chairman Vince McMahon sold 1,547,372 shares of WWE stock for purposes of estate planning.
The SEC filing revealed that the shares were sold at $19.32 a share, which was a net of $29,895,227.04 from the sale. It should also be noted that Vince McMahon still holds a lot of stock within the company and has slightly under majority share of the company and full control of creative.
In other news involving McMahon, he returned to the TV tapings this week, after missing several weeks of RAW and SmackDown.
PWP Nation has it under good authority for a credible source that Vince McMahon is in the process of pivoting away from the day-to-day operations of the company.
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