Mac-Related

Apple’s Tim Cook receives stock award worth $282M, sells $132M

Apple CEO Tim Cook this week reaped nearly $132 million after acquiring and immediately selling 560,000 restricted stock units meted out as time- and performance-based awards.

Revealed in a U.S. Securities and Exchange Commission filing on Tuesday, Cook on Monday saw a batch of 560,000 RSUs vest for satisfying performance goals set forth by the company’s board of directors.After Apple’s statutory tax withholding, which came out to 294,840 stock units, Cook was left with 265,160 vested units that were immediately sold in multiple trades executed at prices ranging from $493.50 to $500.11 on Monday and Tuesday. Withheld units were traded on Monday at $503.43.

Read more…