It has not been a great week for George.
GameStop CEO George Sherman has forfeited over 587,000 shares for not meeting targets laid out in April 2019. GameStop’s outgoing Vice President & Chief Merchandising Officer Chris Homeister has also sacrificed over 119,000 shares, from July 2019. D’oh!
Forfeiture of restricted shares originally granted on 7/1/19 based on attainment of 0% of stated performance target.
According to regulatory filing, the boomer duo was forced to forfeit the shares based on an attainment of 0% of stated performance target.