Tim cook sold another 30,000 shares of Apple for $3.6 million
25.01.2017 Erika J. Wells 0 Comments
Apple CEO Tim cook cashed one stake in the Corporation for $3.6 million It follows from the documents published on the website of the US Commission on securities and stock exchanges.
Last week it became known that the leader of “Apple” Empire sold its package of 30,000 shares. Securities cashed in one day, when the value of the securities was at its peak. A few days later, Tim cook sold another stake in Apple. Considering the average market value of the shares at $120, it received about $3.6 million.
Thus, the head of Apple for a few days was rescued from the sale of shares of the company of approximately $7.2 million At the moment, Tim cook belongs 979 809 shares of $117,6 million At the time of 980 000 shares were allocated for the successful management of Apple and another 280 000 shares as additional bonus for the high quotation of the company for the last few years.
In early January it was reported that the CEO of Apple earned in 2016 is less than anticipated. The compensation package of the CEO for the fiscal year amounted to $8.7 million against the originally planned $10.3 million
The decision to cut his salary cook at Apple made due to the fact that the objectives on financial performance were not achieved.