Originally published at Vince McMahon forfeits unvested stock units in connection with his exit from WWE
Vince McMahon forfeits unvested stock units.
In an SEC filing on July 26th, it was noted that former WWE Chairman and CEO Vince McMahon forfeited unvested stock units in connection to his retirement from WWE, effective July 22nd, 2022. There was 38,519 worth of stock that was forfeited. Here’s an excerpt from the filing:
Explanation of Responses:
(1) Consists of a portion of unvested stock units previously reported in Table I which were forfeited by Mr. McMahon in connection with his retirement from the Company effective July 22, 2022.
(2) Excludes 100 shares of Class A Common Stock owned individually by Mr. McMahon’s wife, Linda McMahon. Mr. McMahon disclaims beneficial ownership of those shares.
Stephanie McMahon and Nick Khan were appointed co-CEOs of WWE. McMahon resigned from his role as Chairman and CEO amidst the hush money and sexual misconduct allegations that were made against him.
He was referenced on the 7/25 Monday Night Raw from Madison Square Garden during a segment with Theory and Undisputed WWE Universal Champion Roman Reigns.