Wet Seal CEO Files to Sell Her Stock

Dow Jones

Wet Seal Inc. Chief Executive Kathleen Bronstein filed with securities regulators Tuesday to sell 130,054 shares of the company’s stock, which hit a 52-week high last week.

In her Form 144 filed with the Securities and Exchange Commission, Bronstein said she would sell the shares, which have a market value of about $4 million, around Feb. 20. The filing listed PaineWebber Inc. as the broker for the sale.

Bronstein previously sold 50,000 shares Jan. 22 in an option-related transaction for $31.56 to $31.63 a share.

Shares of Wet Seal, a Foothill Ranch owner and operator of a casual clothing retail chain, closed Tuesday at $32.31 a share, down $2.69 a share. Last Thursday, the stock reached a 52-week high of $37.50 a share.


A Form 144 allows for the sale of restricted stock, but it isn’t a commitment to sell.