Tim Cook offloads nearly 200,000 shares of AAPL stock worth $32 million

Share via:


Apple CEO Tim Cook this week offloaded nearly 200,000 shares of AAPL stock, valued at around $32 million. After taxes, the sale netted Cook just over $16.4 million.

The associated filings with the United States Securities and Exchange Commission can be found below. As the filings say, Cook’s transaction was made pursuant to a Rule 10b5-1 trading plan that he adopted in November 2022. These trading plans, per the SEC, “provide an affirmative defense to insider trading liability.”

The trades this week were executed at prices ranging from $168.255 to $169.195. The shares were all received through Cook’s performance-based compensation plan at Apple. Specifically, these shares were granted on in September 2020 and September 2021.

Cook still owns 3,280,180, according to the filing this week.

In the past, Cook has said that he will be giving away the majority of his fortune through a systematic approach to philanthropy. Cook is believed to be well into the “billionaire club” at this point in his career.

FTC: We use income earning auto affiliate links. More.





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Tim Cook offloads nearly 200,000 shares of AAPL stock worth $32 million


Apple CEO Tim Cook this week offloaded nearly 200,000 shares of AAPL stock, valued at around $32 million. After taxes, the sale netted Cook just over $16.4 million.

The associated filings with the United States Securities and Exchange Commission can be found below. As the filings say, Cook’s transaction was made pursuant to a Rule 10b5-1 trading plan that he adopted in November 2022. These trading plans, per the SEC, “provide an affirmative defense to insider trading liability.”

The trades this week were executed at prices ranging from $168.255 to $169.195. The shares were all received through Cook’s performance-based compensation plan at Apple. Specifically, these shares were granted on in September 2020 and September 2021.

Cook still owns 3,280,180, according to the filing this week.

In the past, Cook has said that he will be giving away the majority of his fortune through a systematic approach to philanthropy. Cook is believed to be well into the “billionaire club” at this point in his career.

FTC: We use income earning auto affiliate links. More.





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Ahead Of IPO, Swiggy Bags INR 5,085 Cr From...

SUMMARY The startup allotted 13.03 Cr shares to 75...

Symbiotic Security helps developers find bugs as they code

Symbiotic Security, which is announcing a $3 million...

PB Fintech Posts Fourth Profitable Quarter In A Row,...

SUMMARY PB Fintech reported a consolidated net profit of...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!