Google Chairman to Sell 3.2M Shares

Saturday, February 9th, 2013
Google reported in an SEC filing that its Executive Chairman Eric Schmidt plans to sell around 3.2 million of Google’s Class A common stock that he currently owns through a stock trading plan. This would reduce Schmidt’s share in the company by around 42 percent. This transaction, using Google’s current stock price, is estimated to be worth $2.5 billion. The filing reveals that Schmidt, who rece