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Finish Line execs sell shares en masse in recent months

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On The Beat Industry News In Brief

Top executives at The Finish Line Inc. cashed in stock worth more than $10 million in recent months. They sold many of the shares in July as the locally based athletic retailer saw its stock rise to a high for 2009 of about $9.

Cohen


Co-founder and Chairman Alan H. Cohen sold 200,000 shares for $1.6 million in July.

CEO Glenn S. Lyon sold 40,000 shares July 27, netting $346,000. He still owns 73,000 shares. Company President Steven J. Schneider sold 26,500 shares in two July transactions for $221,000.

Another prolific seller was co-founder and board member David I. Klapper, who sold more than 160,000 shares in four separate transactions in July, netting more than $1.3 million.

Klapper, 60, also in July announced his retirement from the company’s board, on which he had served since 1982.

 

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