- Share this article on Facebook
- Share this article on Twitter
- Share this article on Flipboard
- Share this article on Email
- Show additional share options
- Share this article on Linkedin
- Share this article on Pinit
- Share this article on Reddit
- Share this article on Tumblr
- Share this article on Whatsapp
- Share this article on Print
- Share this article on Comment
Time Warner chairman and CEO Jeffrey Bewkes has sold company stock worth $12.2 million amid a recent rise in the conglomerate’s share price, according to a regulatory filing late Thursday.
That was close to half his $25.9 million in total compensation for 2012.
PHOTOS: Leslie Moonves, David Zaslav, Robert Iger: 10 Highly-Paid Entertainment CEOs
Bewkes disposed of 205,681 Time Warner shares for $59.27 each this week, according to the filing. Bloomberg News reported that this amounted to 81 percent of his direct current stock holdings in the company.
Bewkes now owns 48,010 shares directly and 35,010 indirectly via an employee benefit plan. He also has 3.79 million in stock options and 437,420 in restricted stock units.
Taking all this together, Bewkes’ stock sale amounts to about five percent of his total potential stake in the company.
Email: Georg.Szalai@thr.com
Twitter: @georgszalai
Related Stories
THR Newsletters
Sign up for THR news straight to your inbox every day