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Victoria’s Secret CEO Cashes in L Brands Stock

Sharen Turney sold off 143,049 shares on Monday at $56.77 apiece — a total of $8.1 million.

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.

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