Tim Cook Sells Nearly 200,000 Apple Shares

Apple's CEO Tim Cook this week sold 196,410 shares of the company's stock, which had a total value of approximately $33.2 million based on the average sale price of the transactions, according to a U.S. Securities and Exchange Commission filing. After taxes, Cook netted nearly $16.4 million from the sales.

Tim Cook MacBook
Cook received all of the shares that he sold this week as a performance-based stock award. Like other senior executives at Apple, he has a predetermined trading plan to sell company stock in accordance with insider trading laws.

Cook still owns nearly 3.3 million shares of Apple's stock following the sales, according to the filing. He has served as Apple's CEO since 2011.

In 2015, Fortune reported that Cook planned to "give away all his wealth."

Thanks, Michael Burkhardt!

Tags: AAPL, Tim Cook

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Top Rated Comments

HeavenDynamic Avatar
8 weeks ago
I mean, good for him. Can't say he doesn't deserve it when you look at Apple's growth since he became CEO.
Score: 27 Votes (Like | Disagree)
truthsteve Avatar
8 weeks ago
performance-based stock award

performed the magical action of laying off employees after they were chasing a misguided goal of trying to beat Tesla
Score: 23 Votes (Like | Disagree)
tonywalker23 Avatar
8 weeks ago
The other week I bought a single share of Apple stock. I did that after feeling disgusted… I found a calculator online where you put a product price and purchase date and it tells you how much it would be today in stock.

the powerbook g4 12" I bought in 2003, my first Mac, would be worth 1.3 million dollars today
Score: 21 Votes (Like | Disagree)
nfl46 Avatar
8 weeks ago
Tim, feel free to give away some of your wealth to me. Thanks!
Score: 18 Votes (Like | Disagree)
Aggedor Avatar
8 weeks ago

??? inflation rate from Jan03 to Mar24 is worth +169%.
Did you pay your laptop $1.3m / 1.69 = 769k USD? It should be very high spec-ed I presume.
No he means that if he used the money he spent on the PB G4 buy Apple shares at the time, those shares would now be worth $1.3M.
Score: 14 Votes (Like | Disagree)
citysnaps Avatar
8 weeks ago
Yep... he does a sale every year. And makes donations to charities.
Score: 14 Votes (Like | Disagree)