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]
