IAC / InterActiveCorp
shares have increased 18.8% this year, enriching shareholders and corporate insiders, including Chelsea Clinton, who has been director of the company since 2011.
Clinton, daughter of former President Bill Clinton and former Prime Minister Hillary Clinton, is vice chairman of Clinton Foundation. As the director of IAC (ticker: IAC), which owns investments in a number of online brands, Clinton receives a $ 50,000 holdings and $ 250,000 in limited stock units, or RSUs, in installments and converts into shares over time. $ 50,000 holdings can be taken in cash or in stock units, representing the number of IAC shares that could have been purchased on that date. The Board receives the shares represented by the Share Units when they leave the IAC Board.
Clinton owned 21,314 share equivalents of IAC shares, consisting of 28,028 shares and 5,286 share units, according to a form she filed with the Securities and Exchange Commission. Based on Friday's closing price of $ 217.53, this bet is valued at $ 7.2 million. Clinton also owns at least 797 RSUs. In October, her equity equivalents were valued at $ 6.6 million.
The Clinton Foundation did not respond to a request to make Clinton available to comment on its IAC efforts.
In February, Wall Street Journal noted that one of IAC's wholly owned properties, video creation and streaming website Vimeo has been better than the market. The IAC share has also surpassed those
has achieved 17.3% this year, a percentage point and half less than the shares.
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