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Disney CEO Bob Iger Adopts Plan to Sell Stock Options Currently Worth More Than $40 Million
Disney CEO Bob Iger adopted a trading plan to exercise options granted 10 years ago, currently worth more than $40 million.
Disney CEO Bob Iger adopted a trading plan to exercise options granted 10 years ago, currently worth more than $40 million. According to Disney’s 10-K filing Thursday with the SEC, on Aug. 14, Iger adopted a trading plan that provides for the potential exercise of 372,412 vested stock options granted to him on Dec. 18, 2014, which will expire Dec. 18, 2024. Disney said Iger adopted the trading plan to satisfy the “affirmative defense” of the SEC’s Rule 10b5-1(c).
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