Disney CEO Robert Iger sold 372,412 shares for $42,667,113.49 on 2024-11-22, reducing stake by 62.2%
Robert Iger, Disney's CEO, executed two separate sales totaling 372,412 shares for $42,667,113.49 at blended average price of $114.57 on 2024-11-22. This sale reduced his holdings from 599,178 shares to 226,766 shares, representing a 62.2% reduction in his pre-transaction stake. The sale occurred within the 52-week range ($85.60–$122.82) and at prices near the current level of $115.65, with the stock up 20.2% over 30 days and 27.7% over 90 days. This substantial reduction in CEO holdings warrants attention to whether it reflects portfolio management decisions unrelated to Disney's fundamental outlook or signals a change in confidence levels at a time when the stock has shown recent momentum.