Disney CEO buys $1M of Apple stock after joining board of directors
A statement filed with the U.S. Securities Exchange Commission declared that Iger purchased a total of 2,670 shares of Apple on Tuesday, as noted by MacRumors. Iger broke up the purchase into two separate transactions of 1,370 and 1,300 shares each for a total purchase price of just over $1 million.
The filing also noted that Iger's wife owned 75 shares of Apple stock prior to his joining the company's board.
Iger became an Apple director ">earlier this month
âBob and I have gotten to know one another very well over the past few years and on behalf of the entire board, we think he is going to make an extraordinary addition to our already very strong board,â CEO Tim Cook said when he joined.
The Disney CEO filled a vacancy on Apple's board left after co-founder Steve Jobs died ">in October
Shortly after Jobs' death, Iger mourned the loss of a "great friend and trusted advisor." "With his passing the world has lost a rare original, Disney has lost a member of our family, and I have lost a great friend," he said.