CEO Bob Iger Sells $42.7M Worth of Disney Stock

Disney CEO Bob Iger sold nearly $42.7 million worth of his company stock, a regulatory filing reveals.

Bob Iger Sells Disney Stock

A person in a suit speaks at a podium in front of a screen displaying "The Walt Disney Company" logo, announcing the debut date for "Inside Out 2," which will be available exclusively on Disney+.

Iger sold 372,412 shares of Disney on Friday, November 22. The shares were vested stock options Iger was granted in 2014 and were set to expire this December. The SEC filing states their aggregate market value was $42,667,125.16.

Iger isn’t taking home all that money, however. Iger could buy the granted options at the exercise price or strike price of $92.24 per share. His profit is the difference between the strike price and the share price at the time of the sale, minus taxes.

Disney closed at $115.65 per share on November 22 — its highest price since May of this year and a 25% increase from last year. That would mean a $23.41 per share profit for Iger or $8,718,164.92 total.

Bob Iger’s CEO contract lasts through 2026. Disney expects to announce his successor in early 2026, with the search led by James Gorman, former Morgan Stanley CEO and incoming chairman of the Disney board. Disney is reportedly considering one of four internal candidates as well as some external candidates.

Source: Variety

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