Facebook Floods SEC With Form 4 Filings
Facebook followed up Wednesday’s Form 8-K/A filing with the Securities and Exchange Commission, in which it stipulated that non-binding advisory votes on the company’s executives’ compensation will be held every three years, with a host of Form 4 filings detailing the exercising of restricted stock units, by Chief Financial Officer David Ebersman, Vice President and General Counsel Colin Stretch, Chief Technology Officer Mike Schroepfer, Chief Accounting Officer Jas Athwal, and Directors Reed Hastings and Erskine Bowles.
Facebook followed up Wednesday’s Form 8-K/A filing with the Securities and Exchange Commission, in which it stipulated that non-binding advisory votes on the company’s executives’ compensation will be held every three years, with a host of Form 4 filings detailing the exercising of restricted stock units, by Chief Financial Officer David Ebersman, Vice President and General Counsel Colin Stretch, Chief Technology Officer Mike Schroepfer, Chief Accounting Officer Jas Athwal, and Directors Reed Hastings and Erskine Bowles.
Ebersman exercised 112,500 RSUs that were set to expire Oct. 25, 2019, and, following the withholding of 58,703 class-A shares by Facebook to satisfy income tax withholding and remittance obligations, he received 53,797 shares of class-A common stock. Ebersman now holds 162,662 shares
Stretch exercised 8,335 RSUs that were set to expire May 19, 2020, and, following the withholding of 4,350 class-A shares by Facebook to satisfy income tax withholding and remittance obligations, he received 3,985 shares of class-A common stock.
He also exercised 10,088 RSUs that were set to expire March 24, 2021, and, following the withholding of 5,264 class-A shares by Facebook to satisfy income tax withholding and remittance obligations, he received 4,284 shares.
And Stretch sold 284 shares of Facebook class-A common stock at $48.2172 per share, 2,539 at $50 apiece, and 3,964 at $50.01 each, leaving him with a total of 53,766.
Schroepfer exercised 18,750 RSUs that were set to expire March 24, 2021, and, following the withholding of 9,784 class-A shares by Facebook to satisfy income tax withholding and remittance obligations, he received 8,966 shares of class-A common stock. Schroepfer now holds 640,607 shares.
Athwal exercised 3,728 RSUs that were set to expire March 24, 2021, and, following the withholding of 1,946 class-A shares by Facebook to satisfy income tax withholding and remittance obligations, he received 1,782 shares of class-A common stock. Athwal now holds 156,445 shares.
Hastings exercised 1,250 RSUs that were set to expire June 21, 2021, and he now holds 57,812 shares of class-A common stock in Facebook.
And Bowles exercised 1,250 RSUs that were set to expire Sept. 5, 2021, and he now holds 10,416 shares.
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