Apple Execs Cash In $314 Million In Stock In Last Few Days

Apple’s stock price hit an all-time high today of $614.48, making it the perfect time for shareholders to sell off some stock. That includes five of Apple’s top executives, who have cashed in a total of $314 million in the last few days that was previously awarded to them in 2008, according to filings with the Securities and Exchange Commission. CEO Tim Cook leads the way, selling a total of 200,000 shares — for an impressive $119,715,170 pay out.

But he’s not the only one…

Apple continues to explode on the stock market, retaining its rank as the world’s most valuable company — beating out oil giant Exxon. Apple’s market cap is currently sitting at $572 billion, which is 20 points more than Google and Microsoft’s combined.

CEO Tim Cook cashed out a total of $130 million during the month of March, after gaining $11 million from selling shares earlier this month. Not bad, on top of his yearly salary.

Here’s what the executives cashed in:

Tim Cook – Apple CEO

200,000 shares sold; stock prices ranging from $596.05-606.80 on 3/24/2012.

Total value: $119,715,170

Philip Schiller – Senior VP of Worldwide Marketing

64,151 shares sold; stock prices ranging from $602.30-603.05 on 3/24/2012.

Total value: $38,661,014

Peter Openheimer – Senior VP and CFO

150,000 shares sold; stock prices ranging from $596.05-599.33 on 3/24/2012.

Total value: $89,624,444

Robert Mansfield – Senior VP Hardware Engineering

56,016 shares sold at $596.05 on 3/24/2012. Awarded 122,000 shares of restricted stock.

Total value: $33,388,336

Scott Forstall – Senior VP iOS Software

55,849 shares sold at $596.05 on 3/24/2011. Awarded 122,000 shares of restricted stock.

Total value: $33,288,796

Total dollar amount combined: $314,677,763.28

With another earnings call quickly approaching, we expect Apple to report some pretty impressive numbers that will help its continued raid on the stock market. Not only will the company report impressive iPhone sales, but sales of the new iPad should be setting new records.

The Cupertino-based company’s stock price was sitting at roughly $400 per-share at the time of Steve Jobs’ death. Look how fast it’s risen, showing no sign of slowing down.

Via iPhone In Canada.

Jake Smith

Jake Smith serves as a writer at Cult of Mac and Cult of Android, where he covers the daily news and more. Jake is based in Kentucky, where he enjoys the great outdoors and hanging out with his friends. Jake has a lot of experience covering consumer technology, having written for 9to5mac and iDownloadBlog. Follow Jake on Twitter @jakeosmith.