Disney's Iger Sells 1 Million Shares to Net $17.9 Million
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Walt Disney Co. Chairman and Chief Executive Officer Robert Iger sold $47.4 million in stock, netting about $17.9 million after factoring in the cost of exercising options on 1 million shares.
Iger sold the shares at an average price of $47.37 each, according to a regulatory filing today. He paid $29.51 to exercise each option, to give a profit before fees of about $17.86 for each share sold. Iger holds 1.14 million shares after the transaction, the filing showed.