“Revealed in a series of U.S. Securities and Exchange Commission filings made public on Wednesday, retail chief Angela Ahrendts, CFO Luca Maestri and COO Jeff Williams each saw 130,528 RSUs convert into common Apple stock,” Mikey Campbell reports for AppleInsider. “The lode was worth $30.3 million at the end of trading [Wednesday].”
Campbell reports, “Apple withheld 68,530 shares from the awards to satisfy tax laws.”
“The bonus, meted out on a yearly basis, is derived from a target number of RSUs scheduled to vest based on Apple’s total shareholder return relative to other companies in the S&P 500,” Campbell reports. “This week’s award accounted for TSR performance between Sept. 27, 2015 and Sept. 29, 2017.”
Read more in the full article here.
MacDailyNews Take: 68,530 shares each for taxes. Ouch, there’s a nice haircut!
Hence the reason no one in the upper ranks at Apple is the least bit interested in making sure Macs are the best and most current out there and properly designed for their intended markets. Much too busy with their siesta’s and 5 martini lunches. Oh and gazing admiringly at their personal bank balances.
Yes, their Macs are falling behind but the iPhone is the PERFECT SJW tool for tools….
You mean the SJWs that denounce the US, hate capitalism and promote communism on a $1000 phone? Those SJWs?
Well, it takes a lot of wealth to educate the poor….and to keep them there.
Great pay for shipping 4 year old computers, huh?
You said it well & succinctly. All the corporate world seems to know is they are rewarded even when screwing up constantly so why work harder?
I’m all for obscene profits and corporations reaping the benefits of their hard work, but if this were “Big Oil”, “Big Pharma” or “Big Farming” the long knives would be out for more reinvestment in American jobs, which is odd because these all actually do have a majority of their production in America.
Again, this is Apple’s choice, but why do they get a pass?