Disney CEO Bob Iger Sells $42 Million Worth of Disney Stock
Disney CEO Bob Iger has sold nearly $42.7 million worth of Disney stock, according to a recent regulatory filing.
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Disney CEO Bob Iger sold 372,412 shares of Disney stock on Friday, November 22nd. These shares were vested stock options granted to him in 2014 and were set to expire this December. The total market value of the shares sold was approximately $42.7 million.
While this figure might seem substantial, Iger’s net profit is not the entire amount. He had to exercise the options at a strike price of $92.24 per share. His profit is calculated by subtracting the strike price from the sale price and then accounting for taxes.
On November 22nd, Disney’s stock closed at $115.65 per share, marking its highest point since May of this year. This represents a 25% increase from the previous year. Based on this closing price, Iger’s potential profit from the stock sale could be approximately $8.7 million.
Iger’s CEO contract is set to expire in 2026. Disney plans to announce his successor in early 2026, with James Gorman, the incoming chairman of the Disney board, leading the search. The company is reportedly considering both internal and external candidates.
