Outgoing GameStop CEO to walk away with millions

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It’s a lucrative time to leave the GameStop Corp. C-suite, as the rise in the video game retailer’s share price has allowed four executives to start with acquired shares now valued at roughly $ 290 million. The separation agreements between GameStop GME, + 0.01%, and the four executives, including CEO George Sherman, have provisions that allow shares awarded during his tenure to be consolidated when they leave. While such handling of leadership transitions is not atypical, it potentially allows executives to sell their shares near GameStop’s historically high levels.