GameStop Executives Sitting on $1.3 Billion Gain From Frenzy (1)

GameStop Corp.’s manic ride is transforming the fortunes of its leaders -- at least on paper.

The video-game retailer’s top executives have seen the value of their holdings surge about $1.3 billion in the wake of a Reddit-fueled trading frenzy that has sent GameStop shares soaring more than 1,500% this month, according to data compiled by Bloomberg.

Chief Executive Officer George Sherman has the biggest holding among the company’s senior employees, with stock awards expected to vest over the next few years that were worth more than $700 million as of 10:45 a.m. in New York. Chief Financial Officer ...