The Rock Acquires 96,000 Shares of TKO Stock: Wrestling News
Wrestling superstar Dwayne “The Rock” Johnson recently made a smart move by acquiring 96,557 shares of TKO stock, as part of his agreement with the company when he joined back in January 2024. This acquisition brings his total ownership in the company to 289,673 shares, which were valued at $142.40 per share as of the latest close on Friday, totaling an impressive $41.25 million.
According to an SEC filing, on January 23, 2024, The Rock was granted 193,115 RSUs, with half of them already vested by December 31, 2024. The remaining RSUs will vest in equal installments over the months from January 31, 2025, to December 31, 2025. These RSUs are subject to potential acceleration or forfeiture as per the terms of the Restricted Stock Unit Grant Notice and Award Agreement dated January 22, 2024, between The Rock and TKO.
It’s great to see a legendary wrestler like The Rock making moves in the business world. This acquisition shows his commitment and confidence in TKO’s future growth and success. Keep an eye out for more exciting developments as The Rock navigates the world of finance and securities!
