Facebook CEO Mark Zuckerberg Cashes In $2.3 Billion in Options
The 28-year-old founder of the world's largest social media company also took $2 million in salary in 2012, plus $2 million in security and private air travel, according to a Friday regulatory filing.
Facebook CEO Mark Zuckerberg earned $2 million in 2012, up from $1.7 million a year earlier, the company said in a regulatory filing on Friday. But that's just the tip of the iceberg.
Zuckerberg also exercised $2.3 billion in options during the year.
Sheryl Sandberg, Facebook's COO, earned $26.2 million, down from $31 million a year prior. But the vast majority of her compensation both years came via stock awards. Sandberg realized a gain of $822 million in vested stock awards on the year.
Facebook also said Friday that it spent $2 million for security and travel on private aircraft for Zuckerberg.
David Ebersman, the CFO, earned $17.5 million, down from $18.8 million, while chief technology officer Mike Schroepfer earned $20.7 million, down from $24.8 million a year earlier. David Fischer, vp of business and marketing partnerships, made $12 million.
Also on Friday, Facebook said that director James Breyer would not stand for reelection to the board and his tenure would end at the company's shareholder meeting June 11. Facebook didn't say whether it would replace Breyer, but it recently added two directors: Sandberg and Susan Desmond-Hellmann, chancellor of the University of California at San Francisco.