Former Viacom CEO Philippe Dauman has sold the remainder of his Viacom shares.
Dauman on Friday unloaded 270,497 shares at an average price of $41.43 and another 478,784 shares on Monday at $41.43 a share, according to an SEC filing.
The latest sales brought Dauman $31.1 million. He still had 999 Viacom shares in his 401K account.
Since being forced out, Dauman has sold about $59.5 million worth of Viacom stock.
Dauman, one of America’s best-paid CEOs, lost a battle for control of Viacom and the rest of Sumner Redstone’s $42 billion media empire to Redstone and his daughter Shari. He agreed to resign and collected a golden parachute worth at least $72 million.
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.