WWE Executive Producer and Chief of Global Television Distribution Kevin Dunn has sold more than $1,000,000 of his personal WWE stock.
Kevin Dunn was hired by WWE in 1984 as an associate producer, and is perhaps best known for being the line producer for all live WWE telecasts since 1988. One of his first notable shows as line producer was Wrestlemania 3, which broke the attendance record for indoor events at the time, at 93,173. Dunn joined WWE’s board of directors in 2008 and is said to be an integral part of Vince McMahon’s inner circle. His father, Dennis Dunn, worked closely with Vince McMahon Sr as an executive producer handling all of WWE’s programming from 1972.
According to a new SEC filing by WWE, Dunn sold 30,000 of his Class A Common Stock this week. Priced at $44.79 per share, Dunn was able to make $1,343,700 when selling them. This is the third sale for Dunn this year, who sold stock back in April and June for a combined profit of over $2,500,000. Selling a total of 84,809 of his personal shares, Dunn still has 73,811 worth of shares of WWE stock.
WWE have been known to share stock with employees and performers. As noted by Jim Ross in July of this year during an episode of ‘Grillin Jr’, Vince McMahon would see to it that employees were financially rewarded for growing revenue:
“It was major, major money, big time. And we all shared in those profits. You know, the executive guys like myself and Kevin Dunn for example, among others. You know, Vince took good care of us with stock. We got great stock, options and grants. Quite frankly Conrard, during that time I really kind of set my portfolio up to take care of me for the rest of my life. Because the stock kept increasing and I had a lot of it, and I didn’t pay for it. Vince took care of us.”