TURNEY’S STOCK PAYDAY: Sharen Turney, chief executive officer and president of Victoria’s Secret, sold off 143,049 shares of parent company L Brands Inc.’s stock on Monday at $56.77 apiece — a total of $8.1 million. After the sale, which was recorded in a filing with the Securities and Exchange Commission, Turney continued to directly hold 749,055 L Brand shares.
Turney is one of the highest-paid women in fashion, with total compensation of $7.8 million last year, including stock and option awards.
This story first appeared in the April 3, 2014 issue of WWD. Subscribe Today.