Barry Siegel, who was formerly the senior director of order planning management for North America, has agreed to pay almost $236,000 to settle the case.

In a complaint filed in Manhattan federal court, the SEC said Barry Siegel, who had been a Foot Locker senior director of order planning management, reaped more than $112,000 of profit by trading on material nonpublic information that suggested Foot Locker's results would disappoint investors.

The U.S. Securities and Exchange Commission charged a former Foot Locker executive on Tuesday with insider trading, saying he sold short the retailer's stock prior to two earnings announcements in 2023.