However, 1, 057 of these shares are restricted stock units that have been granted to Meister.
FORBES: After Quitting on Icahn, why is Keith Meister still on the Motorola Mobility Board?
Earlier this week she had converted some of her restricted stock units to the publicly traded Class A shares.
FORBES: Cashing Out: COO Sandberg Sells $7.7M Of Facebook Shrs
It says that he received 277, 871 cash settled restricted stock units, 463, 119 performance stock units, and 185, 248 restricted stock units.
FORBES: Bank of America CEO Moynihan Did Not Get a Pay Increase. It Was Worse Than That
The taxes arise out of restricted stock units issued to Facebook employees.
The difference is that Facebook unlike, say, General Motors (GM) relies heavily on stock options and restricted stock units as a form of compensation.
He was given a big chunk of restricted stock units, a rich compensation package that promised great fortune and 416, 479 vested Facebook shares by the fall of 2012.
Among other things, the company sad that on October 25 the company expects to issue 124 million shares to employees that hold restricted stock units issued prior to 2011.
FORBES: Facebook: Zuckerberg Won't Sell Any Shrs For Next 12 Mos
According to Facebook's filings, Mr. Hastings's only equity in Facebook prior to this purchase was 20, 000 restricted stock units he was granted when he joined the board in June 2011.
WSJ: Netflix CEO Reed Hastings Buys $1 Million of Facebook Stock
The reasons for the profit drop include a jump in the cost of restricted stock units in the first quarter, as well as higher data center construction and marketing costs.
Another 133 million shares will be unlocked between now at November 13, along with 55 million shares tied to restricted stock units and another 55 million related to employee options.
FORBES: Facebook Shares Heading Lower As First Lock-Up Expires
Given that we do indeed have a shortage of skilled engineers in the tech world it is this world that regularly offers restricted stock units as part of such employment packages.
FORBES: Why A Low Share Price Can Be Better Than A High Share Price: Good News For Apple?
Employees aren't allowed to sell any of their shares in the company, and employees hired since 2007 are granted restricted stock units that have no value unless Facebook goes public or is acquired.
But I can guess that the form of award was pretty similar since this most recent Form 4 for Moynihan records the final vesting of the cash settled restricted stock units that were awarded around this time last year.
FORBES: Bank of America CEO Moynihan Did Not Get a Pay Increase. It Was Worse Than That
Apple said in a filing with the U.S. Securities and Exchange Commission on Thursday that Cook had asked to be excluded from a recently instituted company program through which employees can accumulate dividends on their restricted stock units that are still vesting.
FORBES: Apple's Tim Cook Voluntarily Forgoes $75 Million Payout
Still, despite all the setbacks, some Facebook employees remain in good financial shape because they were issued restricted stock units and not stock options, meaning their shares are worth something and in the case of employees who joined the company prior to November 2010 their shares are probably worth quite a lot.
In 2007, it stopped issuing stock options or shares to new employees, instead giving them restricted units that won't become stock until Facebook goes public.
The special units represent restricted stock that vests in three years.
应用推荐