AppleInsider Staff
A U.S. Securities and Exchange Commission filing on Friday reveals Apple board member Al Gore this week sold 215,437 shares of AAPL stock worth about $29.5 million.
Gore's stock sale, which was accomplished in multiple trades ranging from $136.4 to $137.12 on Wednesday, nearly matches a $29.6 million purchase of AAPL shares made in 2013.
When Gore bought the stock batch more than four years ago, he exercised Apple's director stock option to acquire 59,000 shares at a price of about $7.48 per share, costing him approximately $441,000. This was pre-split AAPL, so shares were valued at $502.68 each.
Following today's sale, Gore owns 230,137 shares of Apple stock worth $31.5 million at the end of trading on Friday.
The former U.S. vice president turned environmental activist was appointed to Apple's board in 2003.
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60 Comments
Money, money, money.
https://www.youtube.com/watch?v=ETxmCCsMoD0
He's broke, he thought he'd be collecting carbon tax royalties by now.
As a long time shareholder I'm sure glad to see my shares being diluted by this guy. What has he done for the company? You'd a thought he would have used his valuable political pull to open up repatriation or something...looks like Trump might be giving us that free of charge. And who made this jetsetter the environmental expert? I'm sure his 2¢ on the matter don't add up to half of one.
Mr. Gore also exercised stock options for 70,000 shares a few weeks ago, paying around $1 million for them. He then sold 70,000 shares for around $9 million. Those options were to expire next month after having been exercisable for 10 years. He still owns around $30 million worth of shares.
Craig Federighi also sold nearly $10 million worth of shares last week.