PWTorch.com - WWE NEWS: Several WWE executives cash in WWE stock

WWE News
WWE NEWS: Several WWE executives cash in WWE stock - SEC Filings

Jul 22, 2015 - 6:10:59 PM

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By James Caldwell, PWTorch assistant editor

As part of WWE's executive stock program, several officers and executives cashed in shares of WWE stock this week.

WWE filed ten SEC filings on Wednesday for the insider transactions that took place on Tuesday (July 21):

- Michelle Wilson, the Chief Marketing Officer, sold 16,359 shares of Common A WWE Stock at $16.89 for about a quarter-million-dollars in gross proceeds. Wilson has 83,489 shares remaining.

- Michael Luisi, the president of WWE Studios, sold 14,991 shares at $16.89 per share for a quarter-million-dollar haul. Luisi has 78,001 shares remaining.

- Kevin Dunn, the Executive TV Producer, sold 20,628 shares at $16.89 for gross proceeds of about $350,000.

Dunn still owns 212,234 shares of Class A common stock. If valued at $16.89, that translates to $3.5 million worth of remaining shares.

- George Barrios, the chief financial officer, sold 16,359 shares at $16.89 for gross proceeds of about a quarter-million-dollars.

Barrios still owns 216,903 shares. Lke Dunn, that translates to about $3.6 million at the current value.

- Stephanie McMahon, the Brand Officer and Board member, sold 1,483 shares at $16.89 for gross proceeds of about $25,000. WWE listed Stephanie as still owning 63,527 shares, which includes the following footnote: "Mrs. Levesque may also be deemed to be the indirect beneficial owner of shares of WWE common stock that are directly owned by her husband, Paul Levesque. Mrs. Levesque disclaims beneficial ownership of those shares."

- Triple H, the Executive VP for Talent & Live Events & Creative and board member, also sold 1,483 shares at $16.89 for the same proceeds of about $25,000. Hunter owns 62,346 shares after the transaction. WWE included the following footnote: "Mr. Levesque may also be deemed to be the indirect beneficial owner of shares of WWE common stock that are directly owned by his wife, Stephanie Levesque. Mr. Levesque disclaims beneficial ownership of those shares."

- Mark Kowal, the Corporate Controller in the Accounting department, sold 2,568 shares at $16.89 for about $43,000 in gross proceeds. Kowal now owns 18,924 shares.

- Gerrit Meier, the Executive VP for International business, sold 2,009 shares at $16.89 for about $34,000 in gross proceeds. Meier now owns 24,551 shares.

- Casey Collins, the Executive VP for Consumer Products, sold 2,655 shares at $16.89 for gross proceeds of
about $45,000. Collins still owns 21,004 shares.

- Basil DeVito, the Senior Advisor for Business Strategies, sold 4,027 shares at $16.89 for gross proceeds of about $68,000. DeVito still owns 77,206 shares.