During his time at Foot Locker, Richard T. Mina held significant stock options and restricted shares. At the end of his tenure in 2008, he had 239,170 shares of stock options, which were mostly unexercised due to his departure. The...
During his time at Foot Locker, Richard T. Mina held significant stock options and restricted shares. At the end of his tenure in 2008, he had 239,170 shares of stock options, which were mostly unexercised due to his departure. The total value of these unexercised options was around $1.9 million. Upon termination, he also lost out on 90,000 shares of restricted stock worth approximately $1.2 million that were unvested at the time. His stock holdings fluctuated significantly over the years, with substantial points like when he originally held restricted stock valued at over $4.8 million before his exit. These changes led to a sharp contrast in the perceived value of his holdings during and after his leadership at the company, highlighting the risks in executive roles.