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Two filings with the U.S. Securities and Exchange Commission reveal that Apple executives Jeff Williams and Bruce Sewell each sold tens of thousands of shares of Apple stock on Monday, netting both millions of dollars.
Bruce Sewell, Apple’s general counsel and Senior Vice President of Legal and Government Affairs, sold 37,172 shares for approximately $15 million while Jeff Williams, who serves as Apple’s Senior Vice President of Operations, sold off 36,819 shares of stock, also earning approximately $15 million.
Bruce Sewell and Jeff Williams were among Apple executives who were awarded 150,000 RSUs in 2011 as an incentive to remain employed at Apple. Half of those shares vested on June 21, 2013. The other half will vest on March 21, 2016. In addition to 75,000 RSUs vesting in 2016, Sewell and Williams both have thousands of shares of stock remaining.
The transactions made by Sewell and Williams were in accordance with SEC Rule 10b5-1, which means the two executives notified the SEC that they planned to sell shares months ahead of the sale to avoid any accusations of insider trading.
Top Rated Comments
(View all)Nobody deserves that much money.
:rolleyes: They earned all of it.
Good for them, they did good. :)
*Thread descends into the irrelevancy of economics and politics, discussing topics such as the minimum wage, Socialism vs Capitalism, and Europe vs USA*
*Thread may be closed for a while to stop the ship sailing off course*
:p
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Nice lump of change.
I am a member of the iPad 3 club... please don't remind me. I know that people on here love to complain about Apple screwing their customers over, but the iPad 3 crap was a case where Apple really DID screw their customers over.
I have an iPad 3. I haven't followed why people who bought it would be upset. Because the iPad 4 was released earlier than one year later? I still think my iPad 3 is great. Why do you feel screwed over?
I'm curious what Apple's response would be. Would they introduce the iPhone 6 five to six months earlier than originally scheduled to salvage their stock/investor confidence? I'm planning on getting a 5S and wouldn't be too happy if I "joined" the iPad 3 club.
I am a member of the iPad 3 club... please don't remind me. I know that people on here love to complain about Apple screwing their customers over, but the iPad 3 crap was a case where Apple really DID screw their customers over.