Apple CEO Tim Cook sold an additional 30,000 shares of Apple stock over the course of the last few days, according to a disclosure shared by the U.S. Securities and Exchanges Commission.
Based on the Apple's stock price of $120 to $120.41 at the time of the transaction, the sale, conducted as scheduled based on Cook's trading plan adopted back in August of 2015, netted Apple's CEO approximately $3.6 million.
Tim Cook also divested 30,000 Apple shares last week, so he's received a total of $7.2 million in 2017 thus far. Following this week's transaction, Cook continues to own just under 100,000 shares of Apple stock, valued at more than $117 million based on Apple's current stock price.
In early January, an SEC filing revealed Cook earned just $8.7 million in 2016, down from $10.28 million in 2015. Cook and other Apple executives only received 89.5 percent of cash incentives during the year due to Apple's failure to meet its target performance goals for net sales and operating income.
Cook's 2016 salary was, however, supplemented by the vesting of previously awarded stock bonuses worth approximately $137 million, tied to Cook's tenure and Apple's performance under his leadership.
Tag: Tim Cook
52 comments
Apple today shared two new iPhone XS and iPhone XS tutorial videos on its YouTube channel, both of which are designed to highlight available features on the new devices.
The first video is...
Apple this morning released the third beta of iOS 12.2 to developers, and as with most early betas, the new software introduces refinements and user interface changes for various features.
There...
The third beta of iOS 12.2, released to developers this morning, includes a fix for the Group FaceTime bug, which also reenables Group FaceTime on devices running the iOS 12.2 beta.
Apple...
4-inch iPhone enthusiasts who have been unable to take advantage of the $249 iPhone SE deal on Apple's clearance site can once again make a purchase, as Apple has restocked the website and...
Apple today seeded the third beta of an upcoming iOS 12.2 update to developers for testing purposes, two weeks after seeding the second beta of iOS 12.2 and a week and a half since the launch of iOS...
The U.S. Patent and Trademark Office today published a newly granted Apple patent related to an "inductively chargeable earbud case." While the AirPods and AirPower are not named in the...
HomePod shipments totaled 1.6 million units in the fourth quarter of 2018, a 45 percent increase on a year-over-year basis, according to Strategy Analytics. Despite the growth, the research firm...
As part of its efforts to rebuild Apple Maps, Apple has been collecting street-level data with LiDAR-equipped vehicles for over three years, with at least 45 states across the U.S. partially surveyed...
