27.08.2016 00:02 Uhr, Quelle: Macrumors

Apple CEO Tim Cook Sells More Than $35M in Stock

Apple CEO Tim Cook recently sold more than $35 million worth of Apple stock, according documents filed with the SEC this week. Cook sold 334,000 shares at prices ranging from $107.21 to $107.69, netting himself almost $36 million dollars. Apple also sold more than 656,000 shares on Tim Cook’s behalf, an amount over $70 million, to settle the tax liability for the RSUs that vested earlier this week as he reached his five-year anniversary with Apple. Cook on Wednesday unlocked awarded stock bonuses worth more than $100 million for both his time spent at Apple and the company’s performance under his leadership, earning 1,260,000 total shares. That number consists of 980,000 tenure-based RSUs and an allotment of 280,000 shares awarded because Apple’s shareholder return reached 61%, putting it in the top-performing third of the S&P 500 index. Tim Cook continues to hold more than 1.3 million shares of Apple stock following the sale, which is worth more than $140 million.Tag: Tim Cook Disc

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