FL Insider: 14,922 Options Exercised and Sold by President Franklin Bracken
Rhea-AI Filing Summary
Franklin Bracken, listed as President of Foot Locker, Inc. (FL), reported transactions dated 08/29/2025. He exercised 14,922 employee stock options with an exercise price of $21.60 per share (options granted March 25, 2020; exercisable in three installments beginning March 25, 2021; expiring March 25, 2030). Concurrently he sold 14,922 common shares at a weighted average price of $24.50 per share (sales ranged $24.530–$24.551). Following these transactions the reporting person beneficially owned 213,496 shares. The Form 4 was signed by an attorney-in-fact on behalf of Bracken on 09/02/2025.
Positive
- Reporting person retains significant stake after transactions with 213,496 shares beneficially owned
Negative
- None.
Insights
TL;DR: Exercise and matched sale of 14,922 shares; ownership remains sizable at 213,496 shares.
The report documents a routine exercise of employee stock options and an equivalent sale of shares on the same date. The exercise price was $21.60 and the weighted average sale price was $24.50, producing a spread of $2.90 per share on paper. These transactions changed the reporting person’s beneficial ownership from 228,418 shares to 213,496 shares, a measurable but not drastic reduction in holdings. No new derivative grants or additional material events are disclosed.
TL;DR: Transaction is a standard insider exercise/sale event with disclosure completed via Form 4.
The Form 4 cites an employee stock option granted March 25, 2020 that became exercisable in tranches beginning March 25, 2021 and expires March 25, 2030. The reporting and signature details are properly presented, including an attorney-in-fact signature dated 09/02/2025. The filing contains explanatory footnotes about the weighted average sale price and the vesting history. There are no disclosures of unusual arrangements or additional material governance matters.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 14,922 | $0.00 | -- |
| Exercise | Common Stock | 14,922 | $21.60 | $322K |
| Sale | Common Stock | 14,922 | $24.50 | $366K |
Footnotes (1)
- The stock price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $24.530 to $24.551, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Stock Option granted on March 25, 2020 and became exercisable in three equal annual installments beginning March 25, 2021.
