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Semel cashes in more stock

Yahoo CEO Terry Semel pulls in an additional $18.8 million after selling 500,000 stock options.

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, adding roughly $60 million to his wealth.

The sale comes soon after Yahoo reported a blowout financial quarter, 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.