Sheryl Sandberg And 5 Other Facebook Execs Convert RSUs To Real Stock, But Aren?t Selling Any Yet

Six of Facebook's top officers (but not Zuck) filed Form 4s today to notify the SEC their RSUs will vest into 45.3 million Class B shares on October 29th, but they won't be selling any. Facebook will withhold roughly 45% of those shares and keep them from the public market in exchange for paying the tax on them so executives don't have to pay the government up front. The tax strategy should help keep the $FB price more stable.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Q_Pj7qO2zhQ/

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