Iger sold 372,412 shares of Disney on Friday, according to a filing with the Securities and Exchange Commission.
Iger, who is two years into his second stint as chief executive after the removal of his handpicked protege Bob Chapek, sold 372,412 shares of Disney on Friday,Iger sold the shares, which were vested stock options that he was granted in 2014 and were set to expire in December.
The options that were granted in 2014 have an exercise price — or “strike price” — of $92.24 a share, which was the price that he could buy the shares.How I learned to stop worrying about the national debt – even though it’s $35 trillionIger walks away with $8.3 million, which is the difference between the strike price and the share price at the time of the sale — excluding taxes.
The company’s stock is up by more than 21% this month after it reported a fourth-quarter adjusted profit that beat Wall Street expectations.Disney earned $460 million, or 25 cents per share, for the period ended Sept. 28. A year earlier the Burbank, California-based company earned $264 million, or 14 cents per share.
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