Go Back   MacRumors Forums > News and Article Discussion > Mac Blog Discussion

Reply
 
Thread Tools Search this Thread Display Modes
Old Dec 4, 2012, 10:03 PM   #1
MacRumors
macrumors bot
 
Join Date: Apr 2001
Apple SVP of Internet Software and Services Eddy Cue Cashes in $8.8 Million in Stock




Apple Senior Vice President of Internet Software and Services Eddy Cue has decided to sell off 15,000 shares of his stock for about $8.8 million, according to a recent regulatory filing. He sold off his Apple stock for about $583.99 a share.

The stock that Cue cashed in is not part of the 100,000 restricted stock units (RSUs) he received in September 2011 as a promotion bonus. Half of those shares vest on August 24, 2013 while the other half vest on August 24, 2015 if Cue is still with the company.

Today's regulatory filing reveals that Cue still has 285 shares of Apple stock remaining, but The Next Web notes that next year those shares will be bundled in with the 50,000 coming from the first batch of last year's promotion bonus RSUs. Cue has received 76,250 RSUs over the past five years.

Last September, Cue was elevated to the senior management team, and he was recently put in charge of both Siri and Maps. He was also added to Ferrari's Board of Directors.

Cue cashing in does not necessarily mean that he is less invested in Apple. Senior Vice President of Technologies Bob Mansfield, Cue and other Apple executives may be looking to unload stock in 2012 as capital gains tax increases are scheduled in 2013. By selling now rather than in 2013, sellers can reduce their tax burden, and all of the senior executives are in line to receive substantial stock awards if they continue working at the company.

Article Link: Apple SVP of Internet Software and Services Eddy Cue Cashes in $8.8 Million in Stock
MacRumors is offline   0 Reply With Quote
Old Dec 4, 2012, 10:06 PM   #2
TheMacBookPro
macrumors 68020
 
TheMacBookPro's Avatar
 
Join Date: May 2008
 
Time for some new Ferraris!
__________________
.MacBook Pro╣⁵ (Retina.2.6.16.512) | iPhone⁵ˢ (Space Gray.64.LTE) | iPad│ (Black.64.LTE) | Surfaceᴿᵀ (64.touch) | Nexus⁷ (16)
TheMacBookPro is offline   5 Reply With Quote
Old Dec 4, 2012, 10:15 PM   #3
justperry
macrumors 603
 
justperry's Avatar
 
Join Date: Aug 2007
Location: 7 Km South of an active upside down (boat) volcano.
Good for him.

Quote:
Originally Posted by TheMacBookPro View Post
Time for some new Ferraris!
You should say time for a new beamer M5
justperry is offline   0 Reply With Quote
Old Dec 4, 2012, 10:25 PM   #4
TheMacBookPro
macrumors 68020
 
TheMacBookPro's Avatar
 
Join Date: May 2008
 
Quote:
Originally Posted by justperry View Post
You should say time for a new beamer M5
With 8.8mil & a seat on Ferrari's board, I think he'd take a new FF if he needs a practical family car I know I would!
__________________
.MacBook Pro╣⁵ (Retina.2.6.16.512) | iPhone⁵ˢ (Space Gray.64.LTE) | iPad│ (Black.64.LTE) | Surfaceᴿᵀ (64.touch) | Nexus⁷ (16)
TheMacBookPro is offline   0 Reply With Quote
Old Dec 4, 2012, 10:29 PM   #5
Eric E. Schmidt
macrumors member
 
Join Date: Nov 2012
Location: Calif
eddie and bob trying to outdo each other xmas shopping this year?

wonder what they'll get me.
Eric E. Schmidt is offline   8 Reply With Quote
Old Dec 4, 2012, 10:32 PM   #6
ixodes
macrumors 601
 
ixodes's Avatar
 
Join Date: Jan 2012
Location: Pacific Coast, USA
It's good to witness the choices & timing of these sell offs. Proves that Apples top execs are paying attention. They know the hammers about to fall & they're getting out of the way. Smart men.
__________________
An Ultra Fast Mac Is...My Favorite
ixodes is offline   4 Reply With Quote
Old Dec 4, 2012, 10:45 PM   #7
yensteel
macrumors regular
 
Join Date: Aug 2009
I think they're protecting their investment before it's stocks fall. Two times is a big coincidence.
yensteel is offline   0 Reply With Quote
Old Dec 5, 2012, 04:47 AM   #8
Shasterball
macrumors 6502a
 
Shasterball's Avatar
 
Join Date: Oct 2007
Quote:
Originally Posted by ixodes View Post
It's good to witness the choices & timing of these sell offs. Proves that Apples top execs are paying attention. They know the hammers about to fall & they're getting out of the way. Smart men.
????? No, they are trying to avoid possible/likely tax in creases in a couple of weeks.
Shasterball is offline   0 Reply With Quote
Old Dec 5, 2012, 07:07 AM   #9
GenesisST
macrumors 65816
 
GenesisST's Avatar
 
Join Date: Jan 2006
Location: Where I live
Quote:
Originally Posted by ixodes View Post
It's good to witness the choices & timing of these sell offs. Proves that Apples top execs are paying attention. They know the hammers about to fall & they're getting out of the way. Smart men.
Well, what's the point of having stocks if they remain pieces of paper in a safe. Better they spend that money themselves than their estate...

And they still have a ******** of them...
__________________
Kenmore microwave, Frigidaire oven, Fisher & Paykel fridge, LG washer & Dryer and Crane toilet
GenesisST is offline   0 Reply With Quote
Old Dec 4, 2012, 10:55 PM   #10
mrsir2009
macrumors 604
 
mrsir2009's Avatar
 
Join Date: Sep 2009
Location: Melbourne, Australia
Quote:
Originally Posted by Eric E. Schmidt View Post
eddie and bob trying to outdo each other xmas shopping this year?

wonder what they'll get me.
...Trying to outdo each other for the secret santa at the Apple employee XMAS party!
mrsir2009 is offline   0 Reply With Quote
Old Dec 4, 2012, 10:53 PM   #11
Verbatim Cookie
macrumors regular
 
Join Date: Mar 2012
Quote:
Originally Posted by justperry View Post
You should say time for a new beamer M5
I have been informed that a beamer (or beemer) is a BMW motorcycle; a BMW with four wheels is a bimmer.
Verbatim Cookie is offline   0 Reply With Quote
Old Dec 4, 2012, 11:07 PM   #12
justperry
macrumors 603
 
justperry's Avatar
 
Join Date: Aug 2007
Location: 7 Km South of an active upside down (boat) volcano.
Quote:
Originally Posted by TheMacBookPro View Post
With 8.8mil & a seat on Ferrari's board, I think he'd take a new FF if he needs a practical family car I know I would!
Just pointed to your nice Avatar.
Ferrari's are nice on the racetrack, otherwise they are rubbish, I'll take a BMW M3 over a Ferrari any day.

Quote:
Originally Posted by Verbatim Cookie View Post
I have been informed that a beamer (or beemer) is a BMW motorcycle; a BMW with four wheels is a bimmer.
You know what beamer actually means, where I am from it is because many of them end up in those safety guards (On roads), and that's why we call them beamer.

(Spelling aside)
justperry is offline   0 Reply With Quote
Old Dec 4, 2012, 11:21 PM   #13
TheMacBookPro
macrumors 68020
 
TheMacBookPro's Avatar
 
Join Date: May 2008
 
Quote:
Originally Posted by justperry View Post
Just pointed to your nice Avatar.
Hah, I know

Quote:
Ferrari's are nice on the racetrack, otherwise they are rubbish, I'll take a BMW M3 over a Ferrari any day.
I haven't driven an FF, but you'd be surprised at how 'normal' a California is. Very easy to drive, though I'm not a fan of the stying.
__________________
.MacBook Pro╣⁵ (Retina.2.6.16.512) | iPhone⁵ˢ (Space Gray.64.LTE) | iPad│ (Black.64.LTE) | Surfaceᴿᵀ (64.touch) | Nexus⁷ (16)
TheMacBookPro is offline   0 Reply With Quote
Old Dec 4, 2012, 10:11 PM   #14
WatchTheThrone
macrumors regular
 
Join Date: Aug 2011
Make it rain Eddy!!!!
WatchTheThrone is offline   0 Reply With Quote
Old Dec 4, 2012, 10:28 PM   #15
mrgraff
macrumors 6502a
 
mrgraff's Avatar
 
Join Date: Apr 2010
Location: Albuquerque
He's earned every penny, and good on him. That said, I wish I could "decide" to cash in $8.8 million!
mrgraff is offline   2 Reply With Quote
Old Dec 4, 2012, 10:53 PM   #16
mrsir2009
macrumors 604
 
mrsir2009's Avatar
 
Join Date: Sep 2009
Location: Melbourne, Australia
Everyone's cashin' in dat stock
mrsir2009 is offline   0 Reply With Quote
Old Dec 5, 2012, 12:08 AM   #17
xxgilxx
macrumors regular
 
Join Date: Jul 2010
Looks like Daddy Cue needs a new mansion...
xxgilxx is offline   0 Reply With Quote
Old Dec 19, 2012, 03:22 AM   #18
seveej
macrumors 6502a
 
seveej's Avatar
 
Join Date: Dec 2009
Location: Helsinki, Finland
Quote:
Originally Posted by MacRumors View Post
Apple Senior Vice President of Internet Software and Services Eddy Cue has decided to sell off 15,000 shares of his stock for about $8.8 million, according to a recent regulatory filing. He sold off his Apple stock for about $583.99 a share.
Dear Eddy,

in case you are
a) reading this and
b) wondering how to use the money,

Please remember there are a lot of people out there who could really used things like:
- food
- medicine
- shelter
etc.

Thank you for your time, and have a nice christmas.

RGDS,
__________________
MP 3,1 'nuff RAM, 3 HDD's, 1 SSD, AMD 5770, 10.6
2009 Mini, as server
, and a lot of other gear.
seveej is offline   0 Reply With Quote

Reply
MacRumors Forums > News and Article Discussion > Mac Blog Discussion

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Similar Threads
thread Thread Starter Forum Replies Last Post
Eddy Cue: Best Product Pipeline in 25 Years Coming Later This Year From Apple MacRumors MacRumors.com News Discussion 123 Oct 17, 2014 02:37 AM
Tim Cook and Eddy Cue Receive Thousands of Shares of Apple Stock, Cue Nets Over $12M MacRumors Mac Blog Discussion 33 Aug 29, 2013 06:43 AM
Apple SVP Eddy Cue Takes Stand in E-Book Trial, Admits Some E-Books Rose in Price MacRumors iOS Blog Discussion 65 Jun 16, 2013 07:59 AM
Apple SVP of Technologies Bob Mansfield Cashes in Over $20 Million in Stock MacRumors Mac Blog Discussion 38 Mar 31, 2013 01:19 PM
Apple SVP of Technologies Bob Mansfield Cashes in Over $20 Million in Stock [PRSI] MacRumors Politics, Religion, Social Issues 89 Dec 3, 2012 09:24 PM

Forum Jump

All times are GMT -5. The time now is 01:03 PM.

Mac Rumors | Mac | iPhone | iPhone Game Reviews | iPhone Apps

Mobile Version | Fixed | Fluid | Fluid HD
Copyright 2002-2013, MacRumors.com, LLC