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Brett Arends’s ROI: Silicon Valley Bank CEO Greg Becker cashed out $2 million just before the collapse

Kevin Moore

April 30, 2023 0

Brett Arends’s ROI

Last Updated: March 11, 2023 at 11:22 a.m. ET First Published: March 10, 2023 at 5:37 p.m. ET

Greg Becker, president and CEO of collapsed Silicon Valley Bank

Photo by PATRICK T. FALLON/AFP via Getty Images

The chief executive of Silicon Valley Bank SIVB cashed out stock and options for a $2.27 million net gain in the weeks before Friday’s collapse, public filings show.

CEO Greg Becker exercised stock options — meaning he paid money to convert his options into stock — and then immediately sold the stock on Feb. 27, filings show. That netted him $2.27 million in personal profits.

The…