Updates on WWE president Nick Khan’s TKO stock situation & employment term
The internet rumor mill surrounding the possible sale of Vince McMahon and WWE president Nick Khan’s remaining TKO shares continued this week with talk show host and Raw commentator Pat McAfee even adding some “breaking news” as he called it.
While talking to Drew McIntyre on Wednesday, McAfee said any rumors about Khan selling his stock were “not true.”
“(He) has never sold a single share of any stock since getting to the WWE. Hasn’t even put them up for sale which is an entire process to do that, so that was a bunch of bullsh*t as well,” he said.
However, that isn’t entirely accurate.
While Khan has yet to sell any shares, he did go through that entire process in posting his current allotment of 234,424 shares back in September 2023 when the WWE/UFC merger happened. (McMahon did the same in posting his allotment of shares at the same time.)
In another SEC filing that came out last Friday, those allotments were again the same amounts with no changes from September or in April when another filing was released.
Some took the listing as a sign Khan was leaving WWE, but in a March 2024 SEC filing, it stated he had signed an employment contract amendment that extended his deal through December 2026. As part of that amendment, Khan was awarded 153,676 shares that vest in thirds every December through the end of the deal.
Khan, and McMahon for that case, are under no obligation to sell all or any of their listed shares. It’s seen as making the process easier in case there are those interested in them.
Wrestlenomics’ Brandon Thurston recapped some of the details within Khan’s amended deal:
Comparing this to his Mar 2023 amendment:
His base annual salary is now $2.0M – up from $1.5M.
Incentive bonus is now 150% of his salary (150% of $2.0M=$3.0M) – up from 175% of his prior salary (175% of $1.5M=$2.6M)
At the end of each year, 2024, 2025, and 2026, he gets a…
— Brandon Thurston (@BrandonThurston) May 2, 2024
Since 2011, Josh has been a contributing editor to Wrestling Observer/F4WOnline.com and also hosts the Punch-Out podcast. He has also written for Fight Magazine, Bloody Elbow, Bleacher Report, and other websites. He's a 2000 graduate of the University of Maine, worked in pro sports, and once was an indie ring announcer.