Four senior Apple executives and company board members recently donated more than 10,000 shares of the Cupertino, Calif. company’s high-flying stock. The donations benefitted unnamed charitable organizations with early Christmas gifts worth over $3 million, according to government records.
Apple board member and former clothing executive Millard Drexler made the largest donation of 6,800 shares worth more than $2.1 million. Drexler is CEO of J. Crew and former chairman of The Gap. Drexler made the donation on Dec. 14, a day when Apple stock closed at $320.29 per share.
Robert Mansfield, Apple’s Senior Vice-President of Hardware, donated 1,562 shares worth more than $500,000. The donation was made on Dec. 10, when the company’s stock closed at $320.56 per share.
Apple’s Chief Financial Officer, Peter Oppenheimer, was also in the giving mood. He donated 1,320 shares worth more than $423,000 on Dec. 17, according to the Securities and Exchange Commission filing. The same day, Arthur Levinson, an Apple board member and former Genentech CEO, donated 277 shares worth nearly $89,000.
[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.
