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Mark Zuckerberg Plans to Cash Out $2.3 Billion

5:38 PM, Apr 26, 2013   |    comments
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Mark Zuckerberg has plenty of money for more hoodies.

The 28-year-old Facebook CEO exercised stock options for a gain of nearly $2.3 billion in 2012, the social media giant said in a late Friday proxy filing with the Securities & Exchange Commission.

Facebook launched an Initial Public Offering last May at $38 a share. It briefly touched $45, but fell to $17.55 within weeks. Friday's close: $26.85.

The company said Zuckerberg's gains came on 60 million options that were issued in 2005, about a year after he started what eventually became the social media site while attending Harvard University. Facebooks says the options were priced at six cents apiece.

Zuckerberg also received $503,000 in salary and a $266,000 bonus, plus perks valued at $1.2 million, mostly for personal use of company aircraft.

MORE: Zuckerberg facing $1 billion tax bill from IPO

Sheryl Sandberg, Facebook's Chief Operating Officer, didn't fare too badly, either. She received vested shares valued at over $821 million. That's on top of a restricted stock grant valued at $25.6 million.


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