“Apple Inc. insider Angela J. Ahrendts sold 25,377 shares of the stock in a transaction dated Wednesday, May 10th,” Daniel Jordon reports for Sports Perspectives. “The shares were sold at an average price of $154.24, for a total transaction of $3,914,148.48.”

“Following the completion of the transaction, the insider now owns 81,936 shares of the company’s stock, valued at approximately $12,637,808.64,” Jordon reports. “The sale was disclosed in a document filed with the SEC, which can be accessed through this link.”

Angela Ahrendts

Angela Ahrendts, Senior Vice President, Retail, Apple Inc.

“The business also recently declared a quarterly dividend, which was paid on Thursday, May 18th,” Jordon reports. “Shareholders of record on Monday, May 15th were paid a $0.63 dividend.”

Read more in the full article here.

MacDailyNews Take: Not sure why this is on Sports Perspectives, but it is, so here ya go! After all, we scour the web for Apple-related articles.

This is likely a tax deal (cover the taxes on her salary, etc.) or Ahrendts is buying a cozy beach house or a Bugatti Chiron and an even cozier $1.3 million beach cottage.

SEE ALSO:
Angela Ahrendts sale of Apple stock is actually bullish – May 18, 2016
Tim Cook took home $10.3 million, Angela Ahrendts earned $25.7 million in 2015 – January 6, 2016
Apple’s Angelea Ahrendts makes her mark on Apple Stores by going ‘ultraluxe’ – December 8, 2015
Apple’s Angela Ahrendts emerges as highest-paid U.S. woman with $83 million – May 5, 2015
Apple’s retail chief Angela Ahrendts paid $73.4 million in cash and stock last year; BoD member Drexler steps down – January 22, 2015
No, Angela Ahrendts did not sell $5.3 million of her Apple shares – June 6, 2014
Apple’s new retail chief Ahrendts granted $68 million in restricted stock – May 6, 2014