Citing multiple sources, Wrestlenomics’ Brandon Thurston tweeted Thursday that a large number of WWE employees are being given a $3000 stock award that fully vests in March.
The news comes roughly a week after the company told employees there would be no impending raises, bonuses and promotions coming, understandably causing some negative feelings as a result. It’s unknown whether the stock award was directly tied into the unhappiness after the announcement.
Thurston noted not all employees are getting the award.
Dave Meltzer said the reason for the initial decision was that WWE missed their stock price target despite the company announcing record-setting revenues and a new $1+ billion deal for WWE Network to move to NBCU’s Peacock streaming service in March. Those revenues came even with the pandemic taking away live gates.
In an unrelated story, WWE President Nick Khan acquired 10,464 shares of WWE stock according to an SEC filing. The value of those shares as of Thursday’s close was $494,633 ($47.27).