Tim cook sold 30,000 shares of Apple for $3.6 million
20.01.2017 Erika J. Wells 0 Comments
Apple CEO Tim cook sold a package of shares of the Corporation for several million dollars. About this MacRumors reports with reference to the documents published by the Commission, US securities and exchange Commission.
From the reporting documents that the current head of Apple has sold belonging to him a package of 30,000 shares of the company. Securities cashed in one day, when the value of the securities was at its highest level – about $120 apiece. Thus, Tim cook received a nearly $3.6 million.
In August 2016, the head of Apple, having the right to sell the bonus shares, sold part of the company’s securities in the amount of approximately $35 million cook sold 334 000 owned securities at a price of $107,21 to $of 107.69 per share, earning about $36 million More 656 000 shares worth more than $70 million were sold on behalf of the company to repay tax liabilities related to paid Tim cook a few days ago bonuses on the occasion of the company’s management for five years.
Almost immediately after Tim cook sold another 269 993 shares at a price of $105,95 to $107,37, to gain for them $28.7 million
At the disposal of the head of Apple there are about 1 million Apple shares worth at least $121 million: 980 000 shares were allocated for the successful management of the Corporation and another 280 000 shares as additional bonus for the high quotes of the “Apple” giant in the last few years.
In early January it was reported that the company reduced by 15% payout to Tim cook because of the failure of targeted financial objectives. The compensation package of the CEO at the end of the 2016 fiscal year amounted to $8.7 million against the originally planned $10.3 million