The Rock delivered in a big way at WrestleMania 40, and TKO has granted him over 96,000 shares of class A common stock.
On Tuesday, TKO Group issued an SEC filing to announce that Dwayne “The Rock” Johnson was granted 96,558 shares of stock as of Sunday.
TKO’s stock closed at $97.50 on Monday. If The Rock were to cash-out all 96,558 shares of stock right now, he’d receive $9.41 million.
The filing states the stock “vested upon completion of certain services described in that Independent Contractor Services and Merchandising Agreement, dated as of January 22, 2024, between the Reporting Person and World Wrestling Entertainment, LLC.”
The Rock now has a total of 193,116 shares of class A common stock in TKO, which is currently valued at $18.8 million.
The Rock, also known as Dwayne Johnson, has made headlines once again, this time for his financial success. Following his highly anticipated and successful appearance at WrestleMania 40, The Rock has been granted an impressive number of shares in TKO Group.
According to an SEC filing issued by TKO Group on Tuesday, The Rock has been granted 96,558 shares of class A common stock. This grant was made official as of Sunday, following his outstanding performance at WrestleMania 40. The value of TKO’s stock closed at $97.50 on Monday, meaning that if The Rock were to sell all of his shares at the current price, he would receive a staggering $9.41 million.
The filing further explains that these shares were granted to The Rock based on the completion of certain services outlined in an Independent Contractor Services and Merchandising Agreement. This agreement was signed on January 22, 2024, between The Rock and World Wrestling Entertainment, LLC.
With this recent grant, The Rock’s total holdings in TKO now amount to an impressive 193,116 shares of class A common stock. At the current valuation of $18.8 million, it is evident that The Rock’s financial success extends beyond his illustrious wrestling and acting career.
This news highlights not only The Rock’s continued popularity and success but also the potential financial benefits that can come from strategic partnerships and agreements. By leveraging his star power and negotiating favorable terms, The Rock has secured a substantial stake in TKO Group.
TKO Group is undoubtedly pleased to have The Rock as a significant shareholder. With his immense popularity and global appeal, The Rock’s association with TKO Group can bring increased visibility and credibility to the company. This partnership could potentially open doors to new opportunities and collaborations for both parties involved.
The Rock’s financial success serves as an inspiration to aspiring entrepreneurs and individuals looking to maximize their earning potential. His ability to diversify his income streams and make strategic investments showcases the importance of leveraging one’s talents and brand to create long-term financial stability.
As The Rock’s career continues to flourish, it will be interesting to see how his involvement with TKO Group evolves and what other ventures he pursues. Undoubtedly, The Rock’s success story will continue to inspire and motivate individuals from all walks of life to strive for greatness and seize opportunities that come their way.