Apple CEO Tim Cook Sells Stock Worth $24 Million

[MacRumors]

Apple CEO Tim Cook today earned over $24 million selling Apple stock, according to a filing with the SEC. Cook sold 108,136 shares that he received on April 1 when restricted stock units vested.

The RSUs that vested yesterday were part of a time-based stock award that Cook was granted back in 2020. One-third of the shares vested in 2023, one-third in 2024, and the final third vested in 2025. The shares that were sold today were put in Cook's trust.

Restricted stock units are given to Cook regularly as bonus compensation, encouraging him to stay on as Apple's CEO. Cook has served as CEO since August 2011, and now that his RSUs have vested, Apple may give him another grant to keep him at the company for an even longer period. Cook also regularly receives RSUs that vest based on Apple's performance, with that award typically happening in October.

Apple executives that include Jeff Williams and Katherine Adams also received and sold stock worth $7,950,684 and $8,664,682, respectively.

Article Link: Apple CEO Tim Cook Sells Stock Worth $24 Million

 

[DocMultimedia]

Good thing he did it today, because it's already down more than 6% after hours because of the crash that will happen tomorrow morning. I wish I'd sold everything I own today.

 

[ThatGuyInLa]

He's gonna bow out. Just watch. Someone must answer for Apple Intelligence fiasco. (as well as the OTHER blunders)

 

[mevans7]

He just needed a little petty cash.

 

[dannyyankou]

Before anyone jumps to any conclusions, read the article. It was a time-based award, so this was scheduled. And years in advance, at that.

 

[hoodafoo]

not a good sign when 3 c-level execs do a stock dump at the same time

 

[MacLawyer]

Waited until 2025 for tax reasons. Smart.

 

[MacLawyer]

not a good sign when 3 c-level execs do a stock dump at the same time

That is not a big stock dump. He clearly has a tax strategy judging by the other sale data I just looked at.

 

[CarpalMac]

When you consider some of the insane numbers certain CEO's are being associated with, Tim seems like an utter bargain. I personally am not a fan, but you cannot deny his steer of Apple has seen it become a proper cash monster. It's no meme stock.

 

[sdz]

This is the end of Apple! 😩😩

 

[TechWhisperer]

He is going to buy the entire stock of Apple Vision Pros and tell us in the next interview that it’s a great success.

 

[canadianreader]

Smart move he saw the writing on the wall and he said "I'm out" good for him

 

[Aluminum213]

He deserves every penny!!!

Apple intelligence indeed

 

[Kulfon]

He's gonna bow out. Just watch. Someone must answer for Apple Intelligence fiasco.

You say it as if it is important

 

[DocMultimedia]

not a good sign when 3 c-level execs do a stock dump at the same time

First day of the quarter. That's how these planned sales typically work.

 

[nathansz]

not a good sign when 3 c-level execs do a stock dump at the time

They aren’t “dumping stock”

They are turning their stock in to cash

 

[fel10]

That’s a hefty paycheck for someone who hasn’t brought anything new to the table in a while.

 

[Darren.h]

All Apple product prices will likely increase due to all these new Terri's. Tim Cook sees the writing on the wall.
the future sales of iPhones and Macs is about to take a big hit.
Stock market crash incoming.

 

[Kulfon]

That’s a hefty paycheck for someone who hasn’t brought anything new to the table in a while.

And still most valuable company in the world. Apparently they can do it without bringing anything new

 

[everlast3434]

I think he's going to love it!

 

[UliBaer]

If i had Apple shares, i would have already dumped them, to grab the cash as long as it's there...

 

[tyranne201]

he KNOWS iOS 19 is gonna be garbage

 

[frownface]

Good thing he did it today, because it's already down more than 6% after hours because of the crash that will happen tomorrow morning. I wish I'd sold everything I own today.

Did tim apple already know?
He literally made 1.5M more yesterday than he would've if he sold today.

 

[btbeme]

not a good sign when 3 c-level execs do a stock dump at the same time

Execs almost always have a pre-determined plan for converting shares in place for several years prior. Nothing nefarious here. That type of planning is put in place in large part to prohibit the manipulation of the stock price or the appearance of doing so. In many cases, the boards of publicly owned companies require pre-planning such as that, and usually have timeline requirements, again, to stay above suspicion with shareholders and legal entities. Still, timing can be called into question but it is hard to argue that Tim Cook knew that after-hours stock prices would fall 6% at 430PM on April 2, 2025 when his plan was put in place on April 1, 2020.

 

[surferfb]

Smart move he saw the writing on the wall and he said "I'm out" good for him

This was set up years in advance and is done this way to avoid the appearance of trading on inside information. It has absolutely no bearing on Tim’s thoughts on Apple’s future performance.