WWE BUSINESS: WWE handing $3,000 stock awards to corporate employees

Posted on 2/20/121 by Colin Vassallo

Brandon Thurston from Wrestlenomics is reporting that WWE is
handing out $3,000 stock awards to a large number of
corporate employees, stocks that fully vest next month. The
offer is not directly available to all employees though but
a majority of them will be able to take advantage of it.

The timing of this is quite interesting as last week the
company announced in several internal meetings that
employees would not be getting any bonuses or promotions for
the time being, leading to several unhappy individuals. At
the current price, employees would get around 63 or 64 WWE
shares each.

WWE stock nosedived a bit after the Q4 2020 financial
earnings report after the company fell short of its $1
billion in revenue target for the year. Stocks were trading
at the $57 range before the earnings call and then dipped
$10 to $47 where it’s been currently stuck since then.

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