Tough times: A GameStop store in New York. GameStop missed both sales and profit estimates in its most recently reported quarter — Reuters
TEXAS: GameStop Corp chief executive officer George Sherman forfeited about 587,000 restricted shares of the video-game retailer, or almost US$98mil (RM402mil) at current prices, after failing to meet performance targets.
The stock was part of an incentive package granted in April 2019, the month that Sherman took the CEO job. He still holds 1.77 million shares, according to a filing, or US$294.8mil as of Wednesday’s close.
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