Vince McMahon was the undisputed leader of WWE fore nearly four decades. McMahon bought the promotion from his father and took it to greater heights. The former WWE head booker also gained notoriety for allegedly exploiting several former female employees.
Vince McMahon announced his retirement from WWE last Friday. The 77-year-old named daughter Stephanie McMahon and top employee Nick Khan as co-CEO’s of the company. According to a recent SEC filing, McMahon forfeited unvested stocks in the wake of his WWE exit.
Explanation of Responses:
(1) Consists of a portion of unvested stock units previously reported in Table I which were forfeited by Mr. McMahon in connection with his retirement from the Company effective July 22, 2022.
(2) Excludes 100 shares of Class A Common Stock owned individually by Mr. McMahon’s wife, Linda McMahon. Mr. McMahon disclaims beneficial ownership of those shares.
McMahon paid millions out of his pocket to former WWE employees whom he had extramarital relations with. The sum was reflected in WWE’s revised financial statements. He is already under investigation by federal authorities over the sex scandal.
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