Apple Retail Chief Makes $44M From Stock Options

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Christmas came a bit early this year for two Apple executives who cashed in some of their high-flying Apple stock options for a combined $55 million payday in October. Retail head Ron Johnson came away with more than $44 million while Mac hardware chief Bob Mansfield raked in $10 million, according to papers filed with the Securities and Exchange Commission.

Johnson, a former Target executive Apple brought in in 2000 to lead its then minor retail business, is known for developing 317 retail locations and pushing the idea of a “Genius Bar” at Apple Stores. He exercised 150,000 $11.73 options, selling them for $306.07 per share for $44.151 million before taxes. Almost three years ago, Johnson exercised 700,000 options at $23.72 each, selling them at $185 to $185.21 per share for $113 million. Additionally, earlier this year, Johnson sold 200,000 options for about $46 million.


In total, Johnson has sold Apple stock options worth at least $250,000.

Meanwhile, Bob Mansfield, Apple’s Senior Vice President of Mac and Devices Hardware Engineering, recently sold 40,000 stock options for $308 per share for a net profit before taxes of $10.85 million, according to the SEC. Mansfield joined Apple in 1999 after the Cupertino, Calif. company acquired Raycer Graphics.

Apple CEO Steve Jobs would have reaped $10.3 billion if he had held onto stock options he described in 2003 as “nearly worthless.” Instead, he cashed them for $75 million.

[AppleInsider, 9to5Mac]

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