Question
According to Exhibit 11 of the proxy statement filed for the2017fiscal year, asCOO atFacebook Inc,Sheryl K. Sandberg made$25,196,221 in total compensation. Of this total$795,769 was
According to Exhibit 11 of the proxy statement filed for the2017fiscal year, asCOO atFacebook Inc,Sheryl K. Sandberg made$25,196,221 in total compensation. Of this total$795,769 was received as a salary,$640,378 was received as a bonus,$0was received in stock options,$21,072,431 was awarded as stock and$2,687,643 came from other types of compensation.
Review the schedule of outstanding equity awards at year-end on page 29 of the proxy statement (case Exhibit 13). If Sheryl Sandberg were to leave Facebook as of the date of the proxy statement (case Exhibit 13), what would she sacrifice in terms of her potential Facebook compensation? Assume the value of the unvested options is the value of Facebook stock ($150) less the strike price.
Exhibit 13 Facebook, Inc.: A Look at Corporate Governance 2017 Outstanding Equity Awards at Year-End The following table presents, for each of the named executive officers, information regarding outstanding stock options and RSUs held as of December 31, 2017. Option Awards Stock Awards Number of Number of Market Value Securities Securities Number of of Shares or Underlying Underlying Shares or Units Units of Stock Unexercised Unexercised Option Option of Stock That That Have Options (#) Options (#) Exercise Expiration Have Not Not Name Grant Date(1) Exercisable Unexercisable Price (S)2) Date Vested (#) Vested(S)(3) Mark Zuckerberg Sheryl K. 7/23/2010(4) 1,000,000 10.39 7/22/2020 Sandberg 10/18/2010(4) 886.666 313.334(5) 15.00(5) 10/17/2020 5/6/2013 - 549,828(7) 97,022,649 3/17/2014 117,265(8) 20,692,582 3/16/2015 198,100(9) 34,956,726 3/15/2016 179,890(10) 31,743,389 3/15/2017 I 150,819(1) 26,613,521Step by Step Solution
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