GameStop CEO forfeits over 587,000 shares for not meeting targets

Reuters2021-04-15

April 14 (Reuters) - GameStop Corp 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 $9.8 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.

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.

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Comments

KamenRider
2021-04-16
KamenRider
Great news! will buy more today!
- YP_2020:
  this is the way
vstrom83
2021-04-16
vstrom83
Its about time for Sherman to go. ?
ErniBernie
2021-04-15
ErniBernie
Diamond hands! See you at the moon ???
ravel
2021-04-15
ravel
Like and comment
- shenanigan69:
  No
- ShenSiang:
  Good
Lucky03
2021-04-15
Lucky03
Ouch !
- ravel:
  ?
ChowderBites
2021-04-15
ChowderBites
I think gamestop is just a 1 time trend.
- thammada:
  Agreed
- Lucky03:
  but the price movement continues to amaze us...
- ravel:
  Exactly

Leave a comment

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See you at the moon ???","listText":"Diamond hands! See you at the moon ???","text":"Diamond hands! See you at the moon ???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347910285","repostId":2127079059,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":347015229,"gmtCreate":1618449207061,"gmtModify":1704710971212,"author":{"id":"3561362657045281","authorId":"3561362657045281","name":"ravel","avatar":"https://static.tigerbbs.com/e7f280012afad4313a10adb12aa214c7","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3561362657045281","authorIdStr":"3561362657045281"},"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/347015229","repostId":2127079059,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4040188,"gmtCreate":1618453995079,"gmtModify":1680784131191,"authorId":3572752340219523,"author":{"id":3572752340219523,"idStr":"3572752340219523","authorId":3572752340219523,"name":"shenanigan69","avatar":"https://community-static.tradeup.com/news/6aaad83f7ac9539c3a97961421e2a3d6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347015229,"type":1,"supId":4039523,"prevId":0,"content":"No","text":"No","html":"No"},{"id":4039523,"gmtCreate":1618449752087,"gmtModify":1680784119963,"authorId":3571199921041604,"author":{"id":3571199921041604,"idStr":"3571199921041604","authorId":3571199921041604,"name":"ShenSiang","avatar":"https://static.tigerbbs.com/1f4f1e93da6d6ca9664728e4cfc578bb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347015229,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"}],"langContent":"EN"},{"id":347035358,"gmtCreate":1618448506774,"gmtModify":1704710957737,"author":{"id":"3575593817551674","authorId":"3575593817551674","name":"Lucky03","avatar":"https://static.tigerbbs.com/759e5ab6a4a94b481569511ac2bfe116","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":1,"crmLevelSwitch":0,"idStr":"3575593817551674","authorIdStr":"3575593817551674"},"htmlText":"Ouch !&nbsp;","listText":"Ouch !&nbsp;","text":"Ouch !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/347035358","repostId":2127079059,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4039431,"gmtCreate":1618449217769,"gmtModify":1680784116284,"authorId":3561362657045281,"author":{"id":3561362657045281,"idStr":"3561362657045281","authorId":3561362657045281,"name":"ravel","avatar":"https://static.tigerbbs.com/e7f280012afad4313a10adb12aa214c7","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347035358,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":347032354,"gmtCreate":1618448466978,"gmtModify":1704710956440,"author":{"id":"3581250728261679","authorId":"3581250728261679","name":"ChowderBites","avatar":"https://static.tigerbbs.com/8aef64e0b8a01d03f8238db81c16736e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581250728261679","authorIdStr":"3581250728261679"},"htmlText":"I think gamestop is just a 1 time trend.&nbsp;","listText":"I think gamestop is just a 1 time trend.&nbsp;","text":"I think gamestop is just a 1 time trend.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/347032354","repostId":2127079059,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4040043,"gmtCreate":1618452941239,"gmtModify":1680784121026,"authorId":3574636093461410,"author":{"id":3574636093461410,"idStr":"3574636093461410","authorId":3574636093461410,"name":"thammada","avatar":"https://static.tigerbbs.com/64bd66fcccfc86b5e81286648668869b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347032354,"type":1,"supId":0,"prevId":0,"content":"Agreed","text":"Agreed","html":"Agreed"},{"id":4039299,"gmtCreate":1618448569723,"gmtModify":1680784117160,"authorId":3575593817551674,"author":{"id":3575593817551674,"idStr":"3575593817551674","authorId":3575593817551674,"name":"Lucky03","avatar":"https://static.tigerbbs.com/759e5ab6a4a94b481569511ac2bfe116","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347032354,"type":1,"supId":0,"prevId":0,"content":"but the price movement continues to amaze us...","text":"but the price movement continues to amaze us...","html":"but the price movement continues to amaze us..."},{"id":4039434,"gmtCreate":1618449224974,"gmtModify":1680784116400,"authorId":3561362657045281,"author":{"id":3561362657045281,"idStr":"3561362657045281","authorId":3561362657045281,"name":"ravel","avatar":"https://static.tigerbbs.com/e7f280012afad4313a10adb12aa214c7","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347032354,"type":1,"supId":0,"prevId":0,"content":"Exactly","text":"Exactly","html":"Exactly"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":39,"commentSize":13,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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