HanesBrands Executive Profits More Than $250,000 From Selling Shares

President of global activewear at Hanesbrands Inc. profited more than $250,000 this week after selling his stock, according to a filing Monday with the Securities and Exchange Commission.

John T. Marsh sold off 10,325 shares on August 28, for the price of $24.27 per share, profiting $250,536.

He still maintains 71,175 shares of stock in the company, worth more than $1.7 million.

Marsh has served the president of global activewear at Winston-Salem-based HanesBrands since May 2011. Prior to that, he served as senior vice president for the company beginning in January 2008. He also serves as the president and chief operating officer at GFSI Holdings Inc.

In addition to Marsh, Chief Financial Officer Richard Moss also exercised selling stock options earlier this month.

According to a filing with the Securities and Exchange Commission, Moss sold 20,000 shares at the price of $24.01 on Aug. 8, profiting over $480,000. He still maintains over 254,000 shares.

HanesBrands employs over 65,300 people internationally and has over 252 outlet stores across the country. It is the parent brand of several brands, including Hanes, Champion, Playtex and Bali.

Its stock was trading Monday afternoon at $24.51, up 25 cents.