Apple’s stock price hit an all-time high today of $614.48, making it the perfect time for shareholders to sell off some stock. That includes five of Apple’s top executives, who have cashed in a total of $314 million in the last few days that was previously awarded to them in 2008, according to filings with the Securities and Exchange Commission. CEO Tim Cook leads the way, selling a total of 200,000 shares — for an impressive $119,715,170 pay out.
But he’s not the only one…
Apple continues to explode on the stock market, retaining its rank as the world’s most valuable company — beating out oil giant Exxon. Apple’s market cap is currently sitting at $572 billion, which is 20 points more than Google and Microsoft’s combined.
CEO Tim Cook cashed out a total of $130 million during the month of March, after gaining $11 million from selling shares earlier this month. Not bad, on top of his yearly salary.
Here’s what the executives cashed in:
Tim Cook – Apple CEO
200,000 shares sold; stock prices ranging from $596.05-606.80 on 3/24/2012.
Total value: $119,715,170
Philip Schiller – Senior VP of Worldwide Marketing
64,151 shares sold; stock prices ranging from $602.30-603.05 on 3/24/2012.
Total value: $38,661,014
Peter Openheimer – Senior VP and CFO
150,000 shares sold; stock prices ranging from $596.05-599.33 on 3/24/2012.
Total value: $89,624,444
Robert Mansfield – Senior VP Hardware Engineering
56,016 shares sold at $596.05 on 3/24/2012. Awarded 122,000 shares of restricted stock.
Total value: $33,388,336
Scott Forstall – Senior VP iOS Software
55,849 shares sold at $596.05 on 3/24/2011. Awarded 122,000 shares of restricted stock.
Total value: $33,288,796
Total dollar amount combined: $314,677,763.28
With another earnings call quickly approaching, we expect Apple to report some pretty impressive numbers that will help its continued raid on the stock market. Not only will the company report impressive iPhone sales, but sales of the new iPad should be setting new records.
The Cupertino-based company’s stock price was sitting at roughly $400 per-share at the time of Steve Jobs’ death. Look how fast it’s risen, showing no sign of slowing down.
