Mac-Related

Apple CEO Tim Cook donates $5M in company stock to charity

Apple CEO Tim Cook last week gifted 10,715 shares of directly owned company stock to an unidentified charity, an amount worth over $5 million at the end of trading on Friday.

Tim CookRecorded by the U.S. Securities and Exchange Commission and revealed today, Cook’s donation was executed on Friday. As no shares were sold, a reporting price was not applied to the transfer.If converted on Monday, with AAPL ending the day at $503.43, Cook’s gift would be worth about $5.4 million.

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