Disney Chairman Bob Iger sells shares worth nearly $100 million

Walt Disney Chairman Bob Iger sold shares of the company worth $98.7 million, according to a regulatory filing late Thursday.

Iger sold 550,570 shares of Disney’s common stock, the filing 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. The entertainment company said the sale was part of Iger’s move to diversify his portfolio.