Apple CEO Tim Cook Sells Over $50 Million Worth of Stock

[MacRumors]

Apple CEO Tim Cook will soon be $50 million richer after selling 223,986 shares of Apple Stock, earning him a total of $50,276,076, according to an SEC filing. Cook was originally granted the stock as part of performance-based award based on Apple's shareholder return relative to other S&P 500 companies, and he often sells stock in October.

Earlier this week, Cook was granted an additional 219,502 shares of Apple stock. 54,876 shares are set to vest in one-third increments in April of 2027, 2028, and 2029. 164,626 shares are performance-based and will vest on October 1, 2027. Depending on Apple's performance between fiscal 2025 and fiscal 2027, between 0 and 200 percent of the target number of shares can vest.

The total bonus will depend on Apple's total shareholder return relative to other companies in the S&P 500 over the next two years.

As of early 2024, Cook owned over three million shares of Apple stock, along with an additional 1.3 million unvested RSUs. Cook's unsold stock is worth over $500 million, and stock grants make up the majority of his total compensation.

In 2023, Cook's base salary was $3 million, but he also received $47 million in stock awards, $10.7 million in performance-based bonus awards, and $2.5 million in other compensation, such as 401(k) contributions, term life insurance premiums, vacation cash-out, security expenses, and personal air travel expenses.

Article Link: Apple CEO Tim Cook Sells Over $50 Million Worth of Stock

 

[macman01101]

How about baselining it to the first version of iOS 18 not sucking, and making a 32" iMac.

 

[McWetty]

So THAT’S where all that storage and RAM upgrade money goes… TIL.

 

[Lioness~]

Good to know, that he will not starve for another week at least.

 

[sc00ba]

Whenever I read something like this, I always think "when is enough money...enough?".

Also, good work posting the cigarette butts Apple wallpaper again MacRumors👍🏻.

 

[coffeemilktea]

If he's selling all those shares, I assume he needs $50 million for something... but I imagine he'd probably be wealthier long term if he just kept his Apple shares.

Kind of like the story about how Steve Ballmer is richer than Bill Gates because Ballmer just hung on to his Microsoft shares, while Gates sold a bunch of his shares so he could "diversify." 💸

 

[kagharaht]

Nice. Maybe he has enough money now to be bored with it and start focusing on Apple core principals. You know "it just works" lol

 

[stu.h]

Right time, right place ... I do miss Steve Jobs though ☹️

 

[tgwaste]

If he's selling all those shares, I assume he needs $50 million for something... but I imagine he'd probably be wealthier long term if he just kept his Apple shares.

Kind of like the story about how Steve Ballmer is richer than Bill Gates because Ballmer just hung on to his Microsoft shares, while Gates sold a bunch of his shares so he could "diversify." 💸

His shares are sold on a pre-defined schedule.

 

[DesignTime]

Great for him. Now is time for him to pay his fair share in taxes. $50,000,000 could help out a lot of people.

 

[macfacts]

How about baselining it to the first version of iOS 18 not sucking, and making a 32" iMac.

I see a lot of people saying 'i should have waited to update when x.1 is released', so that reminds me of the saying "fool me once shame on you, fool me twice shame on me." No one to blame but yourself.

 

[peneaux]

Just some pocket change for him. Not like he’s getting rid of the stock.

 

[TheGhostWalker]

So THAT’S where all that storage and RAM upgrade money goes… TIL.

Unsure if this is sarcasm, but this is not how the stock market works

 

[TechWhisperer]

Timothy cashing in before Apple turns into the next Nokia. Still around, but only your uncle cares.

 

[firstcitazen]

this is how you save your pennies, one sticker at a time

 

[mansplains]

I often wonder what people do with this kind of money. Not in a judgmental manner, but curiosity. After the tenth home, 30th car, fifth yacht… what do you do next? You can contribute to your friends and family but may eventually incur gift tax. Tim doesn’t have kids either.

 

[roar08]

Apple CEO Tim Cook will soon be $50 million richer

Not after his tax liability.

 

[macfacts]

Great for him. Now is time for him to pay his fair share in taxes. $50,000,000 could help out a lot of people.

He only has to pay capital gains tax (which is lower) not income tax.

 

[Darren.h]

PUT IT IN THE BANK AND DON'T SPEND IT

WE ARE GOING INTO A MAJOR GLOBAL RECESSION. PROBABLY EARLY 2025.

 

[tgwaste]

Great for him. Now is time for him to pay his fair share in taxes. $50,000,000 could help out a lot of people.

Hell pay approx 8mm on that. The government will waste all of it.

 

[Reason077]

Kind of like the story about how Steve Ballmer is richer than Bill Gates because Ballmer just hung on to his Microsoft shares, while Gates sold a bunch of his shares so he could "diversify." 💸

It's not that simple. Bill Gates is a charitable person and has donated a significant chunk of his wealth: he once pledged to give away the majority of his wealth to philanthropic causes during his lifetime, and the Bill & Melinda Gates Foundation is one of the most well-endowed charitable organisations in the world. He also had to pay a rather costly divorce settlement recently!

 

[Return Zero]

Great for him. Now is time for him to pay his fair share in taxes. $50,000,000 could help out a lot of people.

At those levels, he probably pays more tax in a single day than I have paid in the last 5 years. He's paying well more than his fair share of taxes. Don't worry.

 

[roar08]

PUT IT IN THE BANK AND DON'T SPEND IT

WE ARE GOING INTO A MAJOR GLOBAL RECESSION. PROBABLY EARLY 2025.

Awesome! In the U.S., one of the best ways to acquire wealth, and one of the best times to start a company is during the downturns. Savvy investors made a killing in 2020 buying near the bottom of the market panic.

Half of all the Fortune 500 companies were created in a crisis | Startups Magazine

I read once, 'most people are starting from a disadvantage and do just fine'. I find these words encouraging and motivating. The reason being, they don’t know they’re disadvantaged because they simply, just get on with it.

startupsmagazine.co.uk

 

[vegetassj4]

iPhone Slim needs another yacht to waterski behind:

It's all about the bucks kids, the rest is conversation.

 

[turbineseaplane]

Please retire