According to a new report, WWE employees are currently prohibited from trading stock following the retirement of Vince McMahon.
WWE is currently undergoing many backstage shake-ups as for the first time ever, they are actively building a future without the guidance of Vince McMahon. McMahon stepped down amid investigations of sexual misconduct, as first reported by The Wall Street Journal.
Recently, it was noted in a filing that McMahon forfeited a number of shares of his stock as part of his retirement. Now, a new report from Wrestlenomics reveals that WWE staff is currently prohibited from trading any company stock.
"Please be advised that, in light of recent developments, the Company's trading window has closed effective immediately for all employees,” stated a message from senior vice president and assistant general counsel, James Langham, per the Wrestlenomics report. “Until further notice you are prohibited from any purchases or sales of Company securities. You are also instructed not to speak with others about this note."
The company recently announced its quarterly dividend for Q2 2022 and in a filing published on Monday, July 25, there was a targeted date of August 9 for a potential earnings report.
Another report recently noted that the company would be reissuing financial reports for the last three years in order to account for payments made by McMahon for personal matters. Learn more here.
