cook_heroApple 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 as CEO of 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.

Top Rated Comments

Ballis Avatar
101 months ago
Better offload it now, before the news of the lackluster iPhone 7 is official
Score: 48 Votes (Like | Disagree)
C DM Avatar
101 months ago
Wow! A bunch of high profile people (including the CEO) unloading their stocks cannot be a coincidence. They know the company's value is overestimated and that the future is not bright for Apple. If I was on the board I would try to get rid of Tim sooner than later.
A lot of these types of things are often pre-planned sales that happen based on anniversary dates and/or dates associated with various stock/options awards, and really have nothing to do with anything essentially.
Wow not a good sign
Or often enough not a sign of anything at all one way or another.
Score: 25 Votes (Like | Disagree)
acctman Avatar
101 months ago
He saw the final version of the iPhone 7 aka iPhone 6SE and started selling shares.
Score: 25 Votes (Like | Disagree)
Cineplex Avatar
101 months ago
Phil: Can't innovate my...
Tim: It's over, Phil. It's all over.
Score: 24 Votes (Like | Disagree)
keysofanxiety Avatar
101 months ago
Can't sell stock, my ass!
Score: 22 Votes (Like | Disagree)
avanpelt Avatar
101 months ago
Maybe he'll buy a bunch of iPhone 7s to bolster the sales numbers.
Score: 19 Votes (Like | Disagree)

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