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

Podcasting

PodcastingLearn to develop, create, and launch your own podcast! On October 23, Steve Belaner, the host of the weekly podcast The Gamut, will teach you how to determine the goals of your podcast, perfect your concept, contact and book guests, market your podcast, and get your show up and running in just a few weeks. Register now!