SVB Financial CEO Greg Becker Sold $3.6 Million in Stock Nearly Two Weeks Ago

Roughly two weeks before


SVB


Financial Group stock collapsed and its Silicon Valley Bank unit was closed by regulators, its top executive sold millions of dollars of shares.

SVB (ticker: SVB) President and CEO Greg Becker sold 12,451 shares on Feb. 27 for $3.6 million, an average price of $287.42 each. That day he also acquired the same number of shares using stock options priced at $105.18 each, according to a form he filed with the Securities and Exchange Commission.