Time Warner CEO Sells Most of His Company Stock

May 31, 2013  •  Post A Comment

Time Warner Chief Executive Jeffrey Bewkes sold most of his direct holdings in the media conglomerate, benefiting from the shares’ 25% jump this year, reports Bloomberg.

Bewkes, 61, sold 81% of his shares — 205,681 shares — for $59.27 each, or a total of $12.2 million, the story notes. Since he became CEO, the shares have jumped 75%.

He continues to own 48,010 shares directly and 35,010 indirectly through an employee-benefit plan, aside from his 3.79 million in stock options and another 437,420 in restricted stock.

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