From 6dbbb3458d4e7a543f0b92e55ec0ff73da2e9e92 Mon Sep 17 00:00:00 2001 From: verymeticulous Date: Tue, 20 Apr 2021 09:14:02 -0400 Subject: [PATCH] Create 2021-04-15-GameStop-CEO-Forfeits-Shares-for-not-Meeting-Targets.md --- ...O-Forfeits-Shares-for-not-Meeting-Targets.md | 17 +++++++++++++++++ 1 file changed, 17 insertions(+) create mode 100644 GameStop-News/2021-04-15-GameStop-CEO-Forfeits-Shares-for-not-Meeting-Targets.md diff --git a/GameStop-News/2021-04-15-GameStop-CEO-Forfeits-Shares-for-not-Meeting-Targets.md b/GameStop-News/2021-04-15-GameStop-CEO-Forfeits-Shares-for-not-Meeting-Targets.md new file mode 100644 index 0000000..33bee8e --- /dev/null +++ b/GameStop-News/2021-04-15-GameStop-CEO-Forfeits-Shares-for-not-Meeting-Targets.md @@ -0,0 +1,17 @@ +# GameStop CEO forfeits over 587,000 shares for not meeting targets + +**Author: [Reuters](https://www.reuters.com/business/gamestop-forfeits-over-587000-shares-ceo-not-meeting-targets-2021-04-14/)** + +GameStop Corp (GME.N) Chief Executive Officer George Sherman has forfeited more than 587,000 shares as he failed to meet his performance targets, according to a regulatory filing on Wednesday. + +The forfeited shares, originally granted in April 2019, would be worth about $98 million based on the stock's latest closing price. + +GameStop is currently looking for a new CEO to replace Sherman as it pivots from a brick-and-mortar video game retailer to an e-commerce firm, Reuters reported on Monday, citing three sources. + +![image](https://user-images.githubusercontent.com/82035192/115401699-af2dc980-a1b8-11eb-81fe-010220698fce.png) + +A GameStop store is pictured in the Manhattan borough of New York City, New York, U.S., January 29, 2021. REUTERS/Carlo Allegri/File Photo/File Photo/File Photo +A GameStop store is pictured in the Manhattan borough of New York City, New York, U.S., January 29, 2021. REUTERS/Carlo Allegri/File Photo/File Photo/File Photo +The company's stock is up almost 800% since January, benefiting from a push by retail investors on Reddit forums to drive up prices of heavily shorted stocks. + +Chris Homeister, GameStop's chief merchandising officer, forfeited more than 119,000 shares for failing to meet targets, another filing showed.