CEO Adam Aron’s AMC shares were worth about $8 million at the start of 2021, according to share data compiled by Equilar. Those shares are now worth over $220 million.
Those shares are now worth over $220 million, which means the rally has added more than $210 million to his net worth.
While Aron hasn't sold any shares, according to securities filings, he gifted 500,000 shares to his two sons in March. Those shares are now worth over $25 million. While Aron may have "diamond hands" when it comes to his AMC shares — to use a popular expression on social media for holding on to a stock — other executives of the company have been cashing out a significant portion of their holdings. All together, AMC executives have sold more than $4 million in stock since the beginning of March.
The company's chief content officer, Elizabeth Frank, sold 100,000 shares in March for a total of $1.1 million, according to filings. Senior vice president and general counsel Kevin Connor sold more than 72,000 shares in mid-March for a total of $983,000. The most recent filing shows chief marketing officer Stephen Colanero selling 15,000 shares for a gain of $411,000.
The company didn't respond to a request for comment. It's unclear whether any of the sales were part of a pre-scheduled share-sale program.
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