Facebook's Sheryl Sandberg cashes in $91 million in stock

The Facebook COO received a fat payday thanks to Wall Street's newfound love of the stock.

Sheryl Sandberg
Sheryl Sandberg James Martin/CNET

The turnaround in Facebook's long-troubled stock has helped COO Sheryl Sandberg to the tune of $91 million.

Sandberg, who has periodically sold some of her holdings since Facebook's May 2012 IPO, on Wednesday cashed in a total of 2.37 million shares at prices ranging from $37.79 to $38.78, according to an SEC filing Facebook made late Friday. The selling came just days after shares of Facebook closed above $38 , which was the price set when the company went public. That return to $38 took 14 months.

Sandberg, of course, has made plenty from Facebook's less-than-stellar stock performance. Even before this week's sales, she had banked more than $43 million this year alone. She also has plenty left. The shares Sandberg sold this week represent about 5 percent of her holdings.

Shares of Facebook closed down 4 cents today at $38.50.

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About the author

Paul Sloan is editor in chief of CNET News. Before joining CNET, he had been a San Francisco-based correspondent for Fortune magazine, an editor at large for Business 2.0 magazine, and a senior producer for CNN. When his fingers aren't on a keyboard, they're usually on a guitar. Email him here.

 

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