Steve Carrier on January 3, 2025
Dwayne “The Rock” Johnson is flexing his financial muscles in the world of TKO Group Holdings. As part of his ongoing partnership with the company, Johnson acquired an additional 96,557 shares of TKO stock, boosting his total to a whopping 289,673 owned shares.
The move aligns with Johnson’s agreement after joining the TKO Board of Directors on January 23, 2024. In addition to his board seat, The Rock inked a new services and merchandising deal with WWE, securing the intellectual property rights to his iconic name, “The Rock.”
Details from the filing reveal that Johnson was granted 193,115 Restricted Stock Units (RSUs) earlier this year. Half of those vested on December 31, 2024, with the remaining shares set to vest in equal monthly installments throughout 2025. According to the agreement, the RSUs are “subject to potential acceleration or forfeiture” depending on the terms of the deal made on January 22, 2024.
TKO stock closed at $142.40 per share on January 3, 2025, making Johnson’s portfolio even more impressive.
Outside of the boardroom, The Rock’s presence continues to dominate in WWE, where his renewed contract signifies a significant investment in his legacy and influence within the wrestling and entertainment industries.
What do you think about The Rock’s massive stake in TKO and his growing role behind the scenes? Please share your thoughts and feedback in the comment section below.
January 3, 2025 9:03 pm
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