Apple CEO Tim Cook sold 196,410 shares of the company's stock this week, a United States Securities and Exchange Commission (SEC) filing revealed, as reported by MacRumors.
The entire value of the transactions was estimated to be about $33.2 million, based on the average selling price. Cook reportedly received around $16.4 million after taxes from the transactions.
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Cook Got All His Recently-Sold Shares as Performance-Based Stock Incentive
Cook's performance-based stock incentive included all of the shares he sold this week. Like other top business officials, he was following all applicable insider trading regulations when he planned to sell Apple shares.
These amounts, according to Apple Insider, represent a small portion of the $355 million he earned in 2021 from selling five million shares. Also, it is less than the $41.5 million he received in October 2023, the last time he sold shares.
The SEC document indicates that even after the transactions, Cook still has around 3.3 million shares of Apple stock.
In a 2015 Fortune report, it was revealed that Cook intends to "give away all his wealth."
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