Much of the compensation executives receive come in the form of stock options, and it’s routine for them to cash out periodically. But since all eyes are on eBay due to activist investor Elliott Management pressuring the Board, we took a look at the SEC Form 4s that eBay released on Monday.
Employees can exercise their options by buying stock at the stated discount or fixed price, and they have the option of then selling the shares at market price, and that’s what eBay CEO Devin Wenig and Chief Financial Officer Scott Schenkel did last week.
eBay CEO Devin Wenig’s Form 4 indicates he “acquired” 134,207 shares at $14.67/share, of which he “disposed” of 96,040 at $33.65/share, and “acquired” 83,108 shares at $14.86/share, of which he “disposed” 55,336 at $33.65/share.
eBay CFO Scott Schenkel’s Form 4 shows he “acquired” 10,157 shares at $14.86/share, of which he “disposed” of 6,566 shares at $33.65/share.
As a reminder, here’s a look at the executives’ compensation for 2017, reported last year. Their 2018 compensation will become available in the spring.