Apple exec Bob Mansfield sells off $20.4M worth of company stock
AppleInsider may earn an affiliate commission on purchases made through links on our site.
A filing with the U.S. Securities and Exchange Commission revealed that Apple's Senior Vice President of Technologies Bob Mansfield sold 35,000 shares of AAPL stock valued at just under $20.38 million on Wednesday.
According to the SEC filing, first spotted by The Next Web, the longtime Apple executive still has 29,548 shares left, with another 150,000 in options coming in June 2013 and March 2016 as long as he continues working for the company. Mansfield sold off the chunk on Wednesday at a price of $582.21.
The former SVP of Hardware Engineering retired in June, only to return to Apple one month later as a special advisor to CEO Tim Cook. Mansfield is allegedly receiving $2 million per month to stay on and was later given the title of SVP of Technologies after iOS chief Scott Forstall was ousted from the company.
As chief of the new Technologies division, Mansfield is in charge of Appleâs wireless teams, which are now covered under one umbrella group, as well as the company's semiconductor teams.