Apple CEO Tim Cook last week donated more than $5 million in Apple stock to an unnamed charity, according to an SEC filing shared today.
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Cook donated a total of 10,715 shares worth $5.4 million at Apple's current closing price of $503.43. The SEC filing does not include details on where Cook donated his money.
Every year in August, Cook donates right around $5 million worth of stock to charity, and in a 2015 interview, Cook said that he had plans to give away the vast majority of his wealth with a "systematic approach to philanthropy."
Following the donation, Cook continues to hold 837,374 shares of Apple stock worth $422 million.
Tag: Tim Cook
Top Rated Comments
Ah yes, always cynical.Hmmm. Isn’t this a tax break? He could always cash in the stock options and make a private donation that doesn’t require any public disclosure.
You know what a better tax break is? Just keep your $5mil.
$5.4 million is ~ 0.54% of Tim Cook's $1 billion+ net worth ('https://www.macrumors.com/2020/08/10/tim-cook-net-worth-1-billion/').Not really. $5M is a lot more than $1.
Maybe GtrDude's net worth is $185 as $1 would be 0.54%
Not really. $5M is a lot more than $1.Fantastic.
Very nice of him.
This is probably as if I were to donate a dollar.
But nice anyway.