Tim Cook sells off more than $750 million in Apple shares

The transactions were being revealed in a regulatory submitting Thursday, which confirmed that Cook dinner had obtained and offered far more than 5 million shares of the Iphone maker.

As head of the world’s most precious corporation, Cook has obtained lofty inventory awards in the latest several years.

1 of the incentives was tied to Apple’s effectiveness in the S&P 500 more than the past a few several years. The stock award was brought on this 7 days for the reason that the agency was a single of the index’s top performers, generating shareholder returns of just about 192% from August 2018 to 2021, it mentioned in a filing.

Apple (AAPL) is the world’s most valuable firm, with a market place cap of $2.4 trillion. Its inventory is up about 11% so significantly this 12 months.
Cook’s windfall came just times following he also donated 70,000 Apple shares (really worth about $10 million) to charity, in accordance to a different regulatory filing Tuesday. It did not disclose the identify of the receiver.
The main govt formally grew to become a billionaire very last year, and was very last estimated to be well worth about $1.5 billion, according to the Bloomberg Billionaires index.
Cook dinner joined Apple in 1998 and served in a range of senior roles in advance of assuming his existing place, together with chief running officer and government vice president of around the globe gross sales and functions. He was named CEO in August 2011, immediately after co-founder Steve Work opportunities famously stepped down. Employment died months later from complications of pancreatic cancer.
Prior to joining Apple, Prepare dinner labored at Compaq and IBM (IBM).

In 2014, Cook produced history for turning into the 1st Fortune 500 CEO to occur out as gay. The subsequent calendar year, he pledged to donate most of his prosperity to charity.

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