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Marvel CEO Got Options Prior to Disney Deal

SEC filing says film unit chief didn’t mention a meeting with Iger that occurred before company awarded grants.

 Marvel Entertainment Inc. Chief Executive Isaac "Ike" Perl-mutter was granted stock options for more than a million shares in the weeks after a subordinate opened discussions with Walt Disney Co. that ultimately led to a merger agreement, according to a filing Disney submitted to the Securities and Exchange Commission.

 

Mr. Perlmutter stands to reap more than $34 million from the 1.27 million options, granted at strike prices ranging from $23.15 to $25.86 — around half the $50 Disney has agreed to pay for each Marvel share as part of its $4 billion acquisition, which was announced Aug. 31.
 
Read more at the Wall Street Journal.