One day after Apple stock granted to four top company executives vested, the 1.1 million shares were sold during a day of record-high trading in the Cupertino, Calif. firm.
For Cook, who recently was awarded $17 million in stock options and $5 million in cash, Thursday was a big day. The 300,000 shares, worth $72.01 per share when granted, sold yesterday at $230 per share. The outcome: a $68,8 million windfall for Cook before taxes.
Three other top Apple officers sold shares. Chief Financial Officer Peter Oppenheimer sold 200,000 shares worth $45.98 million. Retail senior vice-president Ron Johnson sold 200,000 worth $45.95 million. Marketing senior vice-president Phil Schiller sold 150,000 shares worth $34.47 million.
[via Fortune]
Ed Sutherland is a veteran technology journalist who first heard of Apple when they grew on trees, Yahoo was run out of a Stanford dorm and Google was an unknown upstart. Since then, Sutherland has covered the whole technology landscape, concentrating on tracking the trends and figuring out the finances of large (and small) technology companies.
