Here's what LinkedIn said about executive payouts to the SEC. He may also have a other holdings in the company, which would now be worth significantly more than they were before the Microsoft acquisition. Of course, this payout refers only to the specific portion of Weiner's financials that are affected by the company's change of control terms. The actual sale of the company was lower than that, at $196 share, which should reduce the value of his payout to about $28 million. However the value of the stock was based on closing price on December 31, 2015, which was $225.08. Weiner's total change-of-control compensation package was calculated to be worth about $32 million, including $2.5 million in cash severance, nearly $23 million in restricted stock units and another $6.4 million in stock options, in forms filed with the SEC earlier this year. With the sale, Weiner is more than making up for the stock he gave to employees. It has since been been inching its way back up, to around $135.Įven so, the crash was so severe that the month after it happened, Weiner gave his $14 million stock bonus to his employees, donating it back to the stock option pool, to help with employee morale. It fell more than 40% to $108 in the aftermath. Prior to the crash, the stock had been trading around $192. The stock price crashed big time in February, when a weak financial outlook worried investors about the company's prospects for ongoing growth. This is s a sweet deal for LinkedIn's shareholders. Microsoft agreed to buy the company for $196 a share in cash, a 50% premium over LinkedIn's closing price on Friday. By selling LinkedIn to Microsoft, LinkedIn CEO Jeff Weiner, and the company's other named officers, will be making a pretty penny.
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