Yahoo CEO Terry Semel pulled in an additional $18.8 million after selling 500,000 stock options earlier this week, according to a filing with the Securities and Exchange Commission. After this sale, Semel has 13.6 million vested and unvested shares remaining. Last week, the chief executive sold 1.5 million options,.
The sale comes soon after, posting a first-quarter income of $101 million, or 14 cents a share, that surpassed Wall Street analyst estimates. The Internet bellwether announced a 2-for-1 stock split in conjunction with the report, sending its shares into its highest point this year.