WWE turned public after Vince McMahon decided to rename Titan Sport, the company he and Linda McMahon founded during the eighties, to World Wrestling Federation Entertainment. But Vince isn’t the only top-level executives to hold company shares.
Kevin Dunn, another top company official, recently sold more than 10,000 shares of WWE price of $66.70, totaling $1,000,500, according to an SEC filing issued by WWE. Dunn has been with the company for more than 20 years and was considered second-in-command to Vince until Nick Khan took over.
Last year, Vince McMahon, Nick Khan, Triple H, and Stephanie McMahon sold off a big chunk of company stock each. They sold off their stock at $46.68 according to the SEC filing issued at the time. Dunn also unloaded his shares during said time.
WWE has been making record profits of late and top officials cash in on the benefits that come with their lucrative positions. Keep reading Ringside News for more from the world of sports and entertainment.
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