Disney CEO Bob Iger Plans to Sell $41 Million in Stock Options
Iger's trading plan allows for the exercise of stock options granted in 2014, set to expire in December 2024, following SEC regulations to avoid insider trading allegations.
- Bob Iger adopted a trading plan on August 14, 2024, to exercise 372,412 stock options granted to him in 2014.
- The stock options, if exercised at current market prices, could be worth up to $41 million.
- The plan is part of SEC Rule 10b5-1, designed to prevent insider trading by setting up pre-planned trades.
- Disney's stock rose over 9% following a strong earnings report for the fourth quarter of 2024.
- Iger's current contract as Disney CEO runs through the end of 2026, with a successor expected to be announced in early 2026.