Originally published at Dwayne 'The Rock' Johnson given $9 million in TKO stock
The Rock might have not left Wrestlemania weekend with a win over Cody Rhodes and Seth Rollins, but he did exit Philadelphia, Pennsylvania, with more shares in TKO Group Holdings.
A recent SEC filing reveals that Dwayne Johnson received 96,558 shares in the publicly traded company on Sunday “upon completion of certain services described.” The shares were valued at around $9.4 million this week.
Dwayne Johnson received 96,558 TKO shares on Sunday, which vested "upon completion of certain services described" in his Jan 2024 WWE contract.
The shares have a value of $9.41M as of the close of the market today. pic.twitter.com/6YS2oaPVDU
— Brandon Thurston (@BrandonThurston) April 10, 2024
TKO stock was valued at $97 per share at market close on Tuesday. The company is coming off an incredibly successful month, jumping up in value by 18 percent.
Johnson has previously been involved in the business side of TKO. In January, he joined the company’s board of directors and was given roughly $30 million in stock around that time. He was also given the ownership of “The Rock” trademarks.
The Rock’s corporate life with TKO has been used in WWE storylines. He has frequently reminded wrestlers and other talent that he is their boss, and that they must listen to him or risk consequences. During his Wrestlemania 40 tag team match on Saturday, he made a referee loosen the rules of the match with the threat of firing him.