Iger sole 1 million shares of batch on May 14, according to a Securities and Exchange Commission filing. The sale netted Iger $37.7 million before taxes. 

Rasulo, also a comparison executive clamp boss during Disney, sole 217,264 shares on May 15, concealment him $9.2 million before taxes.

PHOTOS: Hollywood Backlot moments

“As has been a box with past sales, these batch options were exercised to accommodate investment diversification goals,” a Disney orator said.

Iger exercised batch options during a cost of $29.51 and sole a batch during an normal cost of $67.23. Rasulo exercised options during $20.81 and $29.90, and sole during an normal cost of $67.38. Shares of Disney strike an all-time high of $67.89 on May 16 — within dual days of both executives’ sales. 

The batch strike that new high symbol a small some-more than a week after Disney reported a outrageous burst in net income for a mercantile second quarter. On May 7, a association posted net income of $1.51 billion for a entertain that finished Mar 30, adult 32% from a year earlier. Revenue rose 10% to $10.55 billion.

But Rasulo gradual expectations for a third entertain during a May 30 coming during a Nomura Securities investors discussion when he reiterated comments done progressing in a month during a second-quarter gain calls with analysts. 

PHOTOS: Disney reanimated

In his remarks, during a question-and-answer session, Rasulo cited film selling expenditures. He remarkable that a cost of promotion for Disney’s arriving reconstitute of “The Lone Ranger” would be incurred during a mercantile third quarter, though a association wouldn’t accept income generated by a Johnny Depp design until a fourth quarter. Disney batch fell 2.4% on a day of a Nomura event, shutting during $64.65.

It has been a remunerative widen for Iger, whose total compensation was $40.2 million final mercantile year. He also sole 1 million shares of Disney in November, concealment him $17.9 million.

Both he and Rasulo keep vast land of Disney stock. Iger binds about 1.18 million shares, while Rasulo has about 144,000 shares, according to SEC filings. Additionally, as partial of their remuneration packages, both executives reason options on a poignant series of shares.

Shares of Disney were adult $1.64, or 2.6%, in late trade Friday, to $64.78. The batch is adult 29% this year.

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daniel.miller@latimes.com

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