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Bob Iger Sells $42.7M In Disney Stock, Following Through On Plan Revealed Earlier This Month
Bob Iger, who is in the home stretch of his storied, two-chapter run as CEO of the Walt Disney Co., is selling $42.7 million in stock.
The move, disclosed in an SEC filing, makes good on a plan detailed by the company earlier this month for Iger to exercise an option to sell shares. Shares in Disney have experienced volatility this year as the company contended with a proxy battle from numerous activists and grappled with ongoing challenges in many of its businesses. A recent hot streak for the film studio, which has had the year’s top grossers thus far in Deadpool & Wolverine and Inside Out 2, also helped restore investor enthusiasm for the stock.
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