June 4 (Reuters) - Walt Disney Co Chairman Bob Iger sold shares of the company worth $98.7 million, according to a regulatory filing late on Thursday.
Iger sold 550,570 shares of Disney's common stock, the filing here showed. He sold 537,304 shares at an average price of $179.2 per share, and 13,266 shares at an average of $179.76 each.
Iger served as Disney’s chief executive officer since 2005 and stepped down earlier this year handing over the job to Disney Parks head Bob Chapek.
Disney has said Iger will direct the company’s “creative endeavors” until his contract ends at the end of this year. (Reporting by Nivedita Balu in Bengaluru; Editing by Shailesh Kuber)