Officials announced Tuesday that Eric M. Martin traded stock between 2005 and 2009 based on nonpublic information about the company's finances when employed by the major children's clothing company.
In a news release, the Attorney's Office said Martin also shared sensitive company information with a former Wall Street analyst before it was released publicly. He was fired in 2009.
As part of his plea agreement, officials said Martin acknowledged he was responsible for between $2.5 million and $7 million in the insider-trading scheme.
The 42-year-old could receive up to 25 years in prison. It was not known if he had a lawyer.