Disney (NYSE: DIS) has been a rollercoaster in recent years. At the start of 2020, shares quickly lost 40% of their value, only to double in price before the year was through. Then shares crashed again, losing more than half their value.
Today, Disney is valued at just under $200 billion. Bob Iger, its CEO, currently holds 205,036 shares of Disney stock worth around $20 million. But according to the company’s latest proxy statement, he also has the right to purchase another 2,156,346 shares, bringing his total potential ownership up to roughly 2.4 million shares worth around $240 million.
Who owns the second-most shares in Disney? The answer might surprise you.
Who owns the second-most stock in Disney?
In most instances, the SEC requires investors to publicly disclose their interest in company if they are either company insiders or own at least 5% of the company’s outstanding shares. When it comes to public disclosures, former CFO Christine McCarthy is listed as owning 207,900 shares, with options to acquire an additional 531,474 shares.
Next up is former Disney CEO Robert Chapek. He’s listed as owning only 282 shares. However, given his former compensation plan, he likely received another 487,452 shares earlier this year.
The only outside entities to own more than 5% of the company’s shares are institutions, like Vanguard, BlackRock, and State Street. It’s very possible that someone owns more shares than McCarthy, Chapek, or even Iger, but less than the 5% of total outstanding shares necessary to trigger a public filing. According to the most recent proxy statement, McCarthy owns the second-most Disney shares. But a private investor may own even more.
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Ryan Vanzo has positions in Walt Disney. The Motley Fool has positions in and recommends Walt Disney. The Motley Fool has a disclosure policy.
This Is The Biggest Individual Investor in Disney Stock, And It’s Not Bob Iger was originally published by The Motley Fool
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