Bob Iger, who is in the home stretch of his two-chapter run as CEO of the Walt Disney Co., is selling $42.7 million in stock. The move, disclosed in an SEC filing, makes good on a plan detailed by the company earlier this month for Iger to exercise an option to sell shares.

The potential sale comes after Iger and his wife, Willow Bay, agreed to acquire the Angel City Football Club in July. Bay and Iger were reported to acquire the controlling stake in Angel City Football Club at a value of $250 million and planned to invest an additional $50 million “to support the Club’s future growth.”

Disney CEO Bob Iger doesn't think the company needs to engage in mergers and acquisitions to compete in streaming.

Bob Iger, chief executive of Disney, cashed out a chunk of his stock options worth $42.7 million, according to a regulatory filing. Iger sold 372,412 shares of Disney on Nov. 22, with an aggregate market value of $42,667,125.16, according to an SEC filing.

The comments come after many other media executives said they will be looking for new acquisitions and greater consolidation under the next administration.

Disney CEO Bob Iger sold nearly $42.7 million worth of his company stock, a regulatory filing reveals. Bob Iger Sells Disney Stock Iger sold 372,412 shares of Disney on Friday, November 22. The shares were vested stock options Iger was granted in 2014 and were set to expire this December.