DJ Finish Line Execs Enter Stock Sales Plans >FINL
DOW JONES NEWSWIRES
Finish Line Inc. (FINL) said Friday that three executives, including Chairman and Chief Executive Alan Cohen, entered prearranged stock trading plans. Cohen's plan could sell up to 373,031 shares of the Indianapolis sportswear retailer, according to a filing with the Securities and Exchange Commission. Two senior executive vice-presidents, David Klapper and Larry Sablosky, arranged to sell up to 301,009 and 196,000 shares, respectively. Shares of the Finish Line closed Friday at $10.61, up 5%. -David J. Reynolds; Dow Jones Newswires; 202-862-1342; email@example.com
Are these the shares they awarded themselves back when their utter incompetence sent the stock down into the one's? If so, this was truly a racket. A profitable racket for them, but a sign that the farcical stock price run-up was not based on any fundamental soundness to the actual business. It's a virtual admission that things ain't so good for FINL.