David Fischer, Colin Stretch, Jas Athwal Exercise RSUs, Sell Facebook Shares
Facebook kept the Securities and Exchange Commission busy late Thursday, following up its Form 8-K filing -- in which it announced a five-year senior unsecured revolving credit facility with JPMorgan Chase, allowing it to borrow up to $6.5 billion -- with Form 4 filings by Chief Marketing Officer David Fischer, Vice President and General Counsel Colin Stretch, and Chief Accounting Officer Jas Athwal.
Facebook kept the Securities and Exchange Commission busy late Thursday, following up its Form 8-K filing — in which it announced a five-year senior unsecured revolving credit facility with JPMorgan Chase, allowing it to borrow up to $6.5 billion — with Form 4 filings by Chief Marketing Officer David Fischer, Vice President and General Counsel Colin Stretch, and Chief Accounting Officer Jas Athwal.
Fischer exercised 117,945 restricted stock units that were set to expire May 19, 2020, and, following the withholding of 61,544 class-A shares by Facebook to satisfy income tax withholding and remittance obligations, he received 56,401 shares of class-A common stock.
He
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