Defendant Name: Foot Locker, Inc.

Defendant Type: Subsidiary of Public Company

Document Reference: 34-105542-s

Document Details

Legal Case Name In the Matter of Foot Locker, Inc.
Document Name SEC Institutes Settled Order as to Foot Locker for Violating Whistleblower Protection Rule
Document Date 22-May-2026
Document Format Administrative Proceeding
File Number 3-22643
Allegation Type Other
Document Summary On May 22, 2026, the SEC "announced settled charges against Foot Locker, Inc. (“Foot Locker”) for using separation agreements that contained a provision that purported to waive employees’ rights to receive whistleblower awards from the Commission. Foot Locker agreed to pay a $148,000 civil penalty in connection with the settlement."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Civil Penalty

Individual:     $148,000.00 Shared:    

Related Documents:

34-105542 22-May-2026 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On May 22, 2026, the SEC instituted settled cease-and-desist proceedings against Foot Locker, Inc., stating: "This matter concerns violations of the Exchange Act’s whistleblower protection rule by Foot Locker. From at least at least July 2020 to June 2024 (the “Relevant Period”), approximately 148 departing Foot Locker employees, who were senior executives, directors, and employees in finance, legal, supply chain, and operations, signed separation agreements in order to receive severance payments."