Facebook COO Sheryl Sandberg Sells More Shares
Facebook Chief Operating Officer Sheryl Sandberg sold off 946,588 more Facebook shares at prices ranging from $27.39 to $27.90 apiece, netting her more than $26.2 million, according to reports.
Facebook Chief Operating Officer Sheryl Sandberg sold off 946,588 more Facebook shares at prices ranging from $27.39 to $27.90 apiece, netting her more than $26.2 million, according to reports.
CNET pointed out that the transaction was the largest of the three times Sandberg has sold stock in the social network, and VentureBeat added that the sales were predetermined and automatically triggered when Facebook shares reached about $27.678 and $27.7403, respectively.
For those looking for a deeper meaning in Sandberg’s stock sales, the COO still holds 18.7
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in