Hanesbrands CEO Profits Over $900,000 From Selling Stock

8/20/18

By Myah Ward, NC Biz News

The chief executive officer of Hanesbrands Inc. profited $941,000 this week by exercising a stock option and selling some of the stock, according to a filing with the Securities and Exchange Commission.

Gerald Evans exercised an option on Aug. 15 to purchase 144,000 shares at a price of $3.57.

He then sold more than 80,000 of those shares on Aug. 15 at a price of $18.11 per share.

Evans currently owns more than 1.3 million shares in the company and another 120 shares in a 401(k) plan. That stock is worth more than $23 million.

The executive was elected as the company’s CEO and appointed as a member of the board of directors in 2016 after serving as the chief operating officer from 2013.

Hanesbrands manufactures everyday basic apparel in the Americas, Europe, Asia, Australia and South Africa. Brands found in the United States include Hanes, Champion, Playtex, Bali, Maidenform, JMS/Just My Size, Wonderbra and Gear for Sports.

The company’s stock closed Friday at $18.40, up 14 cents or 0.77 percent.