According to an SEC filing late last week, Iger unloaded just over 600,000 shares with most priced between $178.74 and $179.81.
A company spokesperson said the sale “is part of the diversification of Mr. Iger’s portfolio, and the value of these shares reflects the significant shareholder value generated under his leadership, with Disney’s stock price rising from just $24 a share when he became CEO in 2005, far outpacing the S&P 500. Mr. Iger continues to hold over 500,000 Disney shares in addition to options and other securities.
Iger stepped down as CEO last February, passing the chief executive reins to Bob Chapek. He became chairman of the board as well as executive chairman overseeing content creation as the company pivoted to streaming on the success of Disney+ and faced down Covid. He is leaving at the end of the year. He hasn’t disclosed his plans. He’d been rumored to interested in an
Needed that house in Montauk
Lots of faith in his successor
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