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Tim Cook sells Apple stock worth in excess of $50 million

Tim Cook has sold Apple stock worth over $50 million.

Apple's CEO, Tim Cook, has sold over 220,000 shares of Apple stock, which are valued at more than $50 million.

Apple stock has always been one to hold long-term, but executives tend to sell off some stock from time to time. The practice is all above board, given delays on sales required to prevent insider trading practices.

According to a recent filing with the U.S. Securities and Exchange Commission, Cook sold 223,986 shares for a total amount of $50,276,076.

It is not an unusual move for the company's CEO, as he often sells Apple stock in October. In 2023, for instance, Cook gained around $41.5 million by selling Apple shares. Tim Cook also sold a significant amount of shares in April of 2024, which earned him roughly $16 million.

As originally spotted by MacRumors, Apple's CEO was granted 219,502 shares of Apple stock earlier this week, which he received as part of a performance-based award. This award is tied to Apple's shareholder return compared to other S&P 500 companies.

Of the shares Tim Cook received this week, 54,876 shares will vest in one-third increments in April 2027, 2028, and 2029, while 164,626 shares are performance-related and will only vest on October 1, 2027. Up to 200% of the shares will vest, depending on Apple's performance in fiscal years 2025 through 2027.

Apple's CEO often receives different performance awards and stock awards, on top of his base salary, which equated to $3 million for fiscal year 2023. During the same year, he received $47 million in stock awards, and made $10.7 million from non-equity compensation, along with $2.5 million in other compensation — mainly security-related costs.



19 Comments

ihatescreennames 20 Years · 1992 comments

That’ll be enough for a nice kitchen and bathroom renovation. 

5 Likes · 0 Dislikes
longfang 17 Years · 526 comments

Breaking news. Water is wet. Tune in at 11 to know more.

/s

1 Like · 0 Dislikes
bradchatellier 10 Years · 29 comments

That's less than 3% of his net worth.  He probably just needs to pay his taxes.

4 Likes · 0 Dislikes
sbdude 6 Years · 304 comments

oksure said:
Does no on else find this gross, and at the systemic root of wtf is wrong in our country?  Seems like a nice guy you'd root for but then no.  Just another greedy fuc*ing cog in the wheel.  Don't really think he moves the needle either, other than a somewhat impressive Jobs facsimile come wwdc.  Bullshit human being unless I'm really missing something.

No.

When you make money for the company (and the shareholders), you make money. That's how business works.

8 Likes · 0 Dislikes
9secondkox2 9 Years · 3248 comments

The guy must have some Christmas shopping he’s getting done early.