Home Stock The outgoing GameStop CEO will leave with millions

The outgoing GameStop CEO will leave with millions


This is a lucrative time to leave the C-suite of GameStop Corp. the soaring spike in the video game retailer’s share price allowed four executives to set off with stakes currently valued at around $ 290 million.

Split Agreement between GameStop
GME,
+ 0.01%

and four executives, including CEO George Sherman, have provisions that allow stocks awarded during their term to be replaced when they leave. While such a leadership transition treatment isn’t typical, it likely allows executives to sell their stakes near the highest level in GameStop’s history.

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