Apple CEO Tim Cook Sells More Than $35M in Stock

[MacRumors]

Apple 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.

Article Link: Apple CEO Tim Cook Sells More Than $35M in Stock

 

[Ballis]

Better offload it now, before the news of the lackluster iPhone 7 is official

 

[acctman]

He saw the final version of the iPhone 7 aka iPhone 6SE and started selling shares.

 

[smacrumon]

Yep, confirmed, iPhone 6SE / 7 is going to flop.
Looking forward to iPhone 2017.

 

[freepomme]

Who needs shares. ¯\_(ツ)_/¯

 

[SandboxGeneral]

Well, he can afford, well anything he desires I guess.

 

[Chuck Kostalnick]

as he reached his five-year anniversary with Apple.

Correction: "as he reached his five-year anniversary as CEO of Apple."

 

[smacrumon]

In tomorrow's news, camera protrusions and antenna bands buy stock.

 

[jclo]

Correction: "as he reached his five-year anniversary as CEO of Apple."

Yep, thank you for pointing that out! Fixed.

 

[Mattsasa]

Wow not a good sign

 

[Pelea]

unapologetically selling stock

 

[Chuck Kostalnick]

Yep, thank you for pointing that out! Fixed.

Of course!

 

[Andres Cantu]

Whatever his reasons, it won't look good because it's days before the iPhone 7 announcement.

 

[keysofanxiety]

Can't sell stock, my ass!

 

[Oblivious.Robot]

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.

The article does answer why, or else heck I almost jumped onto the Apple is Doomed bandwagon!

 

[miabadboys]

Sounds like a lot of money to many of us but thats the mans pay cheque. Not bad one at that!

 

[pat500000]

Are we just praising him for all that money he's getting?

 

[brendu]

I wonder what toy he is buying.

 

[davidgolfer]

Wow, don't know what the reasons are but really poor timing. In retail, timing is everything.

 

[avanpelt]

Maybe he'll buy a bunch of iPhone 7s to bolster the sales numbers.

 

[Jimmy James]

Someone is getting a new yacht.

 

[radiology]

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.

 

[C DM]

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.

 

[Cineplex]

Phil: Can't innovate my...
Tim: It's over, Phil. It's all over.

 

[TylerD554]

Just think, every time this goes down $1 the possibility of 1.2 million evaporates. I would have severe anxiety.