Quick Takeaways
- This page summarizes Vincent K. McMahon's Form 4 filing for WORLD WRESTLING ENTERTAINMENT, LLC.
- 4 reported transactions and 1 derivative row are listed below.
- Filing timestamp: 12 Sep 2023, 17:40.
Vincent K. McMahon - 12 Sep 2023 Form 4 Insider Report for WORLD WRESTLING ENTERTAINMENT, LLC
- Signature
- /s/ Vincent K. McMahon
- Issuer symbol
- N/A
- Transactions as of
- 12 Sep 2023
- Net transactions value
- $0
- Form type
- 4
- Filing time
- 12 Sep 2023, 17:40:04 UTC
- Previous filing
- 30 Mar 2023
- Next filing
- 14 Nov 2023
- SEC
- View on sec.gov
Quoteable Key Fact
"Vincent K. McMahon filed Form 4 for WORLD WRESTLING ENTERTAINMENT, LLC on 12 Sep 2023."
What Changed
- Previous filing in this sequence was filed on 30 Mar 2023.
- Current net transaction value: $0.
Why This Matters
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Official SEC Source
Transactions Table
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | WWE | Class A Common Stock | Award | +31,141 | +26% | 152,259 | 12 Sep 2023 | Direct | F1, F2 | ||
| transaction | WWE | Class A Common Stock | Disposed to Issuer | -69,157 | -45% | 83,102 | 12 Sep 2023 | Direct | F2, F3, F4 | ||
| transaction | WWE | Class A Common Stock | Disposed to Issuer | -83,102 | -100% | 0 | 12 Sep 2023 | Direct | F5 |
Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | WWE | Class B Common Stock | Disposed to Issuer | $0 | -28,682,948 | -100% | $0.000000* | 0 | 12 Sep 2023 | Class A Common Stock | 28,682,948 | Direct | F4, F6 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Vincent K. McMahon is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | In connection with the closing of the transactions under the Transaction Agreement (as defined below), performance stock units of World Wrestling Entertainment, LLC (f/k/a World Wrestling Entertainment, Inc., "WWE"), which were granted in February 2023, subject to financial and/or operational performance goals, were equitably adjusted into time-based WWE restricted stock units ("RSUs") at target level, subject to vesting over three years. Each WWE RSU reflects the right to receive one share of WWE Class A common stock following vesting. |
| F2 | Also includes shares acquired as a result of dividend accruals, all of which are exempt under Section 16. |
| F3 | Excludes 100 shares of Class A common stock of WWE owned individually by Mr. McMahon's wife, Linda McMahon. Mr. McMahon disclaims beneficial ownership of those shares. |
| F4 | Pursuant to the Transaction Agreement, dated as of April 2, 2023, among WWE, Endeavor Group Holdings, Inc., Endeavor Operating Company, LLC, TKO Operating Company, LLC (f/k/a Zuffa Parent, LLC), TKO Group Holdings, Inc. (f/k/a New Whale Inc., "TKO") and Whale Merger Sub Inc (the "Transaction Agreement"), each share of WWE common stock was converted into the right to receive one share of TKO Class A common stock. |
| F5 | Pursuant to the Transaction Agreement, each outstanding award of time-based WWE RSUs was converted into an award of TKO RSUs, on the same terms and conditions as were applicable under the original WWE RSUs immediately prior to the effective time of the conversion (including any provisions for acceleration) on a one-to-one basis. |
| F6 | N/A |