Apple’s Tim Cook received $ 282M share award, sold for $ 132M


Apple CEO Tim Cook acquired approximately $ 132 million this week and sold 560,000 restricted stock units over time.

In a US Securities and Exchange Commission filing revealed on Tuesday, Cook saw a batch of 560,000 RSU vests on Monday satisfying the performance targets set by the company’s board of directors.

After Apple’s statutory tax withholding, which turned out to be 294,840 stock units, Cook was left with 265,160 vested units, which were sold in multiple trades executed on Monday and Tuesday at prices ranging from $ 493.50 to $ 500.11 Was. The canonical units traded at $ 503.43 on Monday.

As usual, trades were followed according to Cook’s trading plan adopted on February 28.

The fully vested award consists of 280,000 time-based RSUs and 280,000 performance-based RSUs. Performance-based RSUs were calculated by monitoring Apple’s performance relative to the S&P 500. To receive the full grant, Apple had to land in the top third of firms over a three-year period from August 25, 2017 to August 24, 2020. , Who did this. Adjusted for dividends, Apple’s initial price was calculated at $ 157.56, with the stock having a period of $ 464.63.

The total shareholder return for the three-year period was 194.89%, placing Apple in the 99th percentile and 7th among 442 companies.

Cook has 1,260,000 RSUs remaining in his current award, all set to waste on August 24, 2021. To completely transform RSUs, the executive must continue employment at Apple and maintain the company’s financial health.

Today’s filing comes a day after Cook’s donation of 10,715 owned shares of an undisclosed unknown charity was disclosed. At the completion of the transaction on Friday, the gift cost more than $ 5 million.

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