Apple SVP Bob Mansfield Just Sold 99% of His Apple Shares for $13.7 Million | Cult of Mac

Apple SVP Bob Mansfield Just Sold 99% of His Apple Shares for $13.7 Million



Bob Mansfield is Apple’s Senior Vice President of hardware engineering, who earlier this week sold 99% of his shares in the company for $13.7 million, according to an SEC filing. Mansfield frequently trades his Apple stock; selling shares while they’re at their peak, then buying more as they fall with a 15% employee discount. His latest sale is his largest so far.

On Monday, Mansfield reportedly sold 38,863 of his Apple shares – leaving him with just 501 – each worth $351.89. Over the last three years, Mansfield has sold almost $58.5 million worth of investments, taking home $37.9 million after taxes.

Mansfield joined Apple from Raycer Graphics in 1999, and has been its SVP of hardware engineering since 2008 – reporting directly to Chief Operating Officer Tim Cook. Mansfield’s role was expanded to include the iPod and iPhone divisions back in August of 2010 after executive Mark Papermaster left the company following a rumored fall-out with CEO Steve Jobs.

Having now sold most of his liquid stake in Apple, Mansfield has fully-vested options to buy another 30,000 shares in 2014, at a rate of £36.54; in addition to 100,000 restricted stock units with a strike price of zero.

[via AppleInsider]


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