David Ebersman, Chief Financial Officer, Facebook sold 911,700 shares of Facebook stock at the rate of $46.76 a piece to earn about $43 million. The 900,000+ shares equated to roughly 8.5% of the CFO’s total equity in the company.
The sale of these shares by Ebersman was pre-scheduled and was a part of trading process. Hence, it does not have anything to do with company’s current financial status.
David Ebersman joined Facebook in 2009. 8.5% of his Facebook equity has made him $43 million. It does say how much Facebook has earned in past few years for its employees.
via SocialAppsHQ Blog http://www.socialappshq.com/blog/2013/11/14/facebooks-cfo-cashes-in-43-million/
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