Five top Apple execs — including Tim Cook and Phil Schiller — unloaded $143 million AAPL shares as part of a 10b5-1 planned sale, according to a new report from Barron’s.
Cook sold 348,425 Apple shares for $35,250,297, while Schiller dropped 348,846 shares for $35,256,000.
Other Apple higher-ups who did the same include CFO Luca Maestri, who sold his entire direct holdings for $1,631,286; Jeffrey E. Williams, senior vice president of operations, who raked in $35,233,446; and Bruce D. Sewell, general counsel and senior vice president of legal and government affairs, who made $35,393,915 on the deal.
The sales came between September 5 and 22, days after Apple shares hit a record high, following this year’s 7-to-1 stock split.
Cook now owns less than a 1 percent stake in Apple. He previously sold off chunks of stock in 2010, 2011 and 2012.
Shares in Apple are still up strongly this year, having gained around 27 percent. They closed down 89 cents, or 0.9 percent, yesterday, with analysts attributing it to noise regarding the sturdiness of the iPhone 6’s (or more specifically 6 Plus’s) design.