Facebook CTO Mike Schroepfer, VP/General Counsel Colin Stretch Keep Moving Shares

Facebook Chief Technology Officer Mike Schroepfer exercised some of his restricted stock units from the company, and he and Vice President and General Counsel Colin Stretch sold off shares, the two executives reported in Form 4 filings with the Securities and Exchange Commission Thursday.

Schroepfer sold 45,000 shares of Facebook class-A common stock at $36.94 apiece.

In separate transactions, he then exercised 24,965 and 19,610 RSUs, respectively, all set to expire Jan. 11, 2019. Facebook withheld 13,027 and 10,233 class-A shares, respectively, to satisfy income tax withholding and remittance obligations, giving Schroepfer 11,938 and 9,377, respectively.

Schroepfer now holds 763,004 shares of Facebook class-A common stock.

Stretch sold 18,593 shares at $36.185 each, and he now holds 121,119.

Image courtesy of Shutterstock.

Related Stories
Mediabistro Course

Facebook Marketing

Facebook MarketingStarting Janaury 13, work with the group marketing manager of social media at Microsoft/BingAds to build a fan base and grow your business on Facebook! In this course, Geoffrey Colon will teach you how to set up and enhance your company page, understand best practices and measuring your success, execute a monthly content strategy, and incorporate Facebook into your overall marketing efforts. Register now!