“Browett took over the position from Ron Johnson, who left last November to become president of retailer JC Penney,” Allen reports. “Browett has been seen on Apple’s Cupertino campus frequently since last year, and has attended at least one retail store grand opening.”
Allen reports, “According to documents filed with the federal Securities and Exchange Commission (SEC) this morning, Browett will receive ‘restricted stock units’ that are vested, or redeemable, for common stock over a five-year period. After receiving the common stock, Browett is free to keep or sell the shares.”
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