When 34 million restricted stock units vested for Facebook COO Sheryl Sandberg in October, she was poised to reap a whopping $790 million—which would net her about $417 million after taxes.
As of Nov. 14, she had reportedly sold $11 million worth of the shares. That date marks the expiration of the company’s lock-up provisions for insider shares.
Facebook made its initial public offering on May 18 at $38 a share but has had a disappointing performance since then.
Sandberg became COO of the social media company in 2008. Prior to joining Facebook, she was a Vice President at Google.
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Posted by: Gina Barrett