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 shares on 10/29, but they won't be selling any. Facebook will withhold 45% of those shares and keep them from the market in exchange for paying taxes on those issued so execs don't have to pay taxes up front. That could keep the $FB price more stable as lock-ups expire.

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

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