Not Much To Write About Today, So Why Don’t We Encourage Greed And Envy By Noting Recent Sales Of Facebook Stock By Insiders?

 

There have been a number of insider sales at Facebook this month, but we’ll stick to this week so far.  Here are the sales:

Name
Position
No. Shares
Selling Price
Total*
Michael T. Schroepfer
CTO
90,000
$41.39
$3,725,377.92
Colin Stretch
VP, Gen. Counsel &   Secretary
24,007
$39.63
$951,465.25
David A. Ebersman**
CFO
200,000
$40.00
$8,000,000.00
Sheryl Sandberg
COO, Director
176,452
$38.52
$6,797,749.18
__________
*Numbers may not tie out due to averaging and rounding.
**He also gifted 200,000.  Don’t be too impressed.  He gave them to himself from another account.

I know what you’re thinking.  Since they all sold shares with proceeds ranging from $950k to $8M, what possible incentive will they have to keep working hard?  Here’s your answer:

Name
Remaining Shares*
Value**
Michael T. Schroepfer
591,970
$24,436,521.60
Colin Stretch
93,255
$3,849,566.40
David A. Ebersman
1,905,482
$78,658,296.96
Sheryl Sandberg
1,699,106
$70,139,095.68
__________
*Includes only Class A Common Stock owned.  Does not include shares underlying options or other incentive awards.
**Based on today’s closing price of $41.28.
Mo’ Money, Mo’ Money, Mo’ Money

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