Per a new report on Tuesday from Wrestlenomics, under TKO, WWE employees will no longer be offered a stock purchase program.
WWE employees used to be able to buy company shares at a 15 percent discount, a benefit that has not been offered since WWE/TKO merger back in September 2023. It was also said that employees asked about this at town hall meetings, as recent as two-weeks ago.
According to an internal email provided to and reviewed by Wrestlenomics, TKO Human resources told employees the answer this week that the benefit will not be coming back.
The email stated the following: “Due to TKO’s corporate structure, we are unable to launch a new Employee Stock Purchase Plan that offers the same type of individual tax benefits that were previously offered by the WWE plan...however, TKO shares continue to be granted to eligible employees as part of our Long-Term Incentive Plan,” the message added. We’re informed that refers to stock options offered mainly to high-ranking employees.“
Wrestlenomics concluded by noting that WWE shares purchased by employees under the discontinued program converted to TKO shares upon the merger, was the case for all WWE shareholders.