Facebook Executives, Directors Exercise Restricted Stock Units, Sell Off Shares

WallStreetNYSE650Facebook Chief Operating Officer Sheryl Sandberg, Chief Product Officer Chris Cox, Chief Technology Officer Mike Schroepfer, Vice President and General Counsel Colin Stretch, Chief Accounting Officer Jas Athwal, and Directors Reed Hastings and Erskine Bowles exercised restricted stock units and sold off shares to cover their tax withholding obligations, they reported in Form 4 filings with the Securities and Exchange Commission Wednesday.

Sandberg exercised 74,940 RSUs that were set to expire March 24, 2021. She then sold 39,185 shares of Facebook class-A common stock at $66.8144 per share, leaving her with a total of 7,341,293.

Cox exercised 9,375 RSUs that were set to expire Aug. 25, 2019, and another 59,952 that were set to expire March 24, 2021. He then sold 36,182 shares at $66.9394 each. Cox now holds 607,996 class-A common shares in the company.

Schroepfer exercised 18,750 RSUs that were set to expire Aug. 25, 2019, and another 59,952 that were set to expire March 24, 2021. He then sold 41,156 shares of Facebook class-A common stock at $66.8066 apiece, and he now holds 228,997.

Stretch exercised 10,088 RSUs that were set to expire March 24, 2021. He then sold 5,266 Facebook shares at $67.6485 per share, leaving him with 63,150.

Athwal exercised 3,729 RSUs that were set to expire March 24, 2021. He then sold 1,946 shares of class-A common stock at $66.9517 apiece, leaving him with 130,949 shares in the company.

Hastings exercised 1,250 RSUs that were set to expire June 21, 2021, and he now holds 69,304 shares of Facebook class-A common stock.

And Bowles exercised 1,250 RSUs that were set to expire Sept. 5, 2021. He now holds 21,908 Facebook shares.

Image courtesy of Shutterstock.

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