Vince McMahon sold 2,191,894 shares of WWE stock on Monday for approximately $30,300,659 according to a report by The Wrestling Observer/Figure Four Online.
McMahon reportedly sold the shares in preparation for “estate planning purposes.” He is now left with 37,080,747 shares that represents 48.8% of the WWE.
McMahon has owned closer to 63% of company stock before sales over the last few years. He did state publicly that he has no plans to sell any further stock and intends to continue his role as Chairman and CEO.