Genesco CFO books $1.2M profit from stock, option sale

Genesco CFO Jim Gulmi last week took some of his compensation chips off the table. The 67-year-old exercised more than 9,000 options that would have expired in October and then sold the resulting shares. On top of that, he also unloaded another 12,500 shares to take his total profit on the transactions to almost $1.2 million. Gulmi, who joined Genesco (Ticker: GCO) more than 40 years ago, still owns almost $12 million worth of stock in the company.