New Disney Board Member Makes Largest Stock Purchase by Disney Insider Since Michael Eisner 20+ Years Ago

    James Gorman, Executive Chairman of Morgan Stanley, was named a Disney board member back in November 2023, and now he just made the largest stock purchase by an executive since Michael Eisner in 2002. According to SEC filings and data from Barchart, the $2.1 million stock purchase from Gorman is the first 7-figure stock purchase by an insider in more than 20 years.

    Disney stock is down more than 8.5% over the past month, but up nearly 14% year to date. Gorman purchased 20,000 shares at a price of $106.03, according to data from Nasdaq. Not only is Gorman’s purchase the largest raw value purchase since Eisner, it’s also the largest number of shares purchased since Eisner bought 725,700 shares worth more than $9.8 million in 2002. Typically, Disney executives are awarded stock as part of a compensation package.

    Gorman was spotted in Oga’s Cantina earlier this year with Disney Experiences Chairman Josh D’Amaro and Disney CEO Bob Iger. Gorman is part of the succession planning committee working to find a new CEO for Disney after Iger’s current contract expires at the end of 2026.

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    blogmickey.com

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