“Two Apple executives received vested restricted stock units (RSU) last week, according to documents filed with the SEC,” Husain Sumra reports for MacRumors.
“Apple CEO Tim Cook received 72,877 shares of Apple stock as part of the RSU award from when he was promoted to CEO two years ago. However, earlier this year Apple’s board decided to modify the award to be more performance based and this vesting was part of that process,” Sumra reports. “Cook had 38,028 shares of stock withheld for tax purposes, while the remaining 34,849 shares — worth nearly $19.5 million — he will continue to hold.”
Sumra reports, “Senior Vice President Eddy Cue vested 50,000 shares with roughly half withheld for taxes and the other half sold for a net gain of roughly $12.4 million.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]