New Apple Board Member Bob Iger Buys $1M In AAPL Shares

igerNewly appointed Apple board member and Disney president and CEO Bob Iger purchased 2,670 shares of Apple stock on the open market, according to a filing with the SEC. The average purchase price of the shares was roughly $375, valuing the purchase at $1,001,250.

The large open-market purchase shows Iger's faith in the future of Apple. When he was appointed director, Iger was awarded 142 restricted stock units, or RSU's, which vest into AAPL shares in February of 2012. His wife holds 75 shares of Apple from before he was appointed director.

Non-employee Apple board members are typically paid $50,000 per year in compensation for their time, plus an annual stock award in the form of RSU's.

While a nice perk, Iger's pay as an Apple director is small change. His compensation package from Disney totaled more than $29.5 million dollars in 2010.

Top Rated Comments

jordanjclay Avatar
130 months ago
"small change"

The idea that $29M is small change is ludicrous.

He is the 1%.

Step 1: Learn to read
Step 2: apply recently learned skill
Step 3: contemplate what was read
Step 4: refrain from posting asinine comments
Score: 26 Votes (Like | Disagree)
QCassidy352 Avatar
130 months ago
"small change"

The idea that $29M is small change is ludicrous.

He is the 1%.

you misread that. It says the compensation from Apple is small change *compared* to the $29M he gets from Disney. Yes he's still the "1%," but it's not saying $29M is small change.
Score: 19 Votes (Like | Disagree)
firestarter Avatar
130 months ago
I would say that he knows something that we don't fully. He is a new board member and will have a huge insight into what Apple are doing with regards to Media partnership and licensing deals with Apple TV. Apple TV and the living room takeover is going to be huge... So lets see what his investment will be like in 10 years time, its all relative, the time is now.

No... $1M isn't a serious amount for a guy like that.

He's just being friendly and showing he has some 'skin in the game'. It enhances his credibility amongst other board members, and the shareholders.
Score: 12 Votes (Like | Disagree)
plumosa Avatar
130 months ago
I have no concept of having that kind of money. I just recently brought myself out of debt and am no longer living paycheck to paycheck--I even have a small, but growing savings account. All the same, I will probably never have anything more than a comfortable cushion for when things go wrong.


What do you do with it after you've bought a nice house and car? $29M is a lot of money. Buy an island?
Score: 10 Votes (Like | Disagree)
slrandall Avatar
130 months ago
In before all the "1%" haters arrive :rolleyes:

Almost made it, haha.

Why do people hate on those who are successful?
Score: 10 Votes (Like | Disagree)
OrangeSVTguy Avatar
130 months ago
Imagine if he had bought $1m worth of shares 10 years ago!
Score: 9 Votes (Like | Disagree)

Related Stories

General black friday 20 sale feature 2

Best Black Friday Deals on Apple Watch, AirPods Pro, MacBook Pro, More

Wednesday November 24, 2021 8:06 am PST by
Black Friday 2021 has kicked off, and you can now get some of the year's best deals on numerous Apple products. In this article we're providing a quick summary of all the best sales we've seen so far this season. For more on the best sales happening this week, visit our Black Friday Roundup. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a...
apple wallet drivers license feature

Apple Delays iOS 15 Feature for Adding Your Driver's License to Your iPhone Until Early 2022

Tuesday November 23, 2021 9:35 am PST by
Apple recently updated its website to indicate that an upcoming iOS 15 and watchOS 8 feature that will let you add your driver's license or state ID to your iPhone and Apple Watch in participating U.S. states has been delayed until early 2022. Apple previously said the feature would launch in late 2021. In September, Apple said Arizona and Georgia would be among the first states to introduce ...
airpods pro blue holiday 3

Black Friday: AirPods Pro With MagSafe Drop to $159 on Amazon

Tuesday November 23, 2021 9:12 am PST by
Amazon is now matching Walmart's price on the AirPods Pro with MagSafe, available for $159.00, down from $249.00. These are shipped and sold directly from Amazon, and in stock now. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running. Stock may begin dwindling soon, ...
airpods pro pink holiday

Black Friday: AirPods Pro With MagSafe Hit Lowest Ever Price

Tuesday November 23, 2021 7:47 am PST by
Apple's AirPods Pro with the new MagSafe Charging Case is now available for its lowest ever price thanks to Black Friday sales. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running. The limited-time deal is available at both Amazon and Walmart, which are both...
maxresdefault

There's No Windows for Arm Macs Yet Because Microsoft Has Secret Exclusivity Deal With Qualcomm

Monday November 22, 2021 12:56 pm PST by
Microsoft has declined to make a version of Windows 11 available for Apple's M1, M1 Pro, and M1 Max Macs that are built on an Arm architecture, and now we may know the reason - a secret exclusivity deal with Qualcomm. Subscribe to the MacRumors YouTube channel for more videos. According to XDA-Developers, Arm-based Windows has only been made available on devices with Qualcomm SoC's because of ...
airpods pro holiday 2

Apple Black Friday: AirPods Pro With MagSafe Drop to All-Time Low of $159 ($90 Off)

Monday November 22, 2021 12:01 pm PST by
Update November 23: This deal is now also available at Amazon. Black Friday is officially in full swing this afternoon, with the launch of one of the first major discounts at Walmart. There you can get Apple's AirPods Pro with MagSafe Charging Case for just $159.00, down from $249.00. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a...
maxresdefault

HomeKit Accessories Worth Checking Out

Tuesday November 23, 2021 7:06 am PST by
Every so often, MacRumors videographer Dan rounds up some of his favorite home products that he's been using. We have another installment of our HomeKit series, this time featuring devices from Lutron, Belkin, Sonos, and more. Subscribe to the MacRumors YouTube channel for more videos. You can see everything in action in the video, and we have links and a short description for the HomeKit...
wrap up 3 homepod spotify 1

Spotify Users Growing Impatient and Canceling Subscriptions Over Lack of Native HomePod Support

Monday November 22, 2021 10:39 am PST by
Spotify users are growing impatient with the music streaming giant over its lack of HomePod support, pushing several customers to the brink of canceling their subscriptions entirely and moving to alternative platforms, such as Apple Music. More than a year ago, at the 2020 Worldwide Developers Conference, Apple announced that it would be adding third-party music service support to HomePod. A ...