“No, Apple’s new head of retail Angela Ahrendts did not sell $5.3M in shares,” Matthew Panzarino reports for TechCrunch. “An SEC filing reported on today shows that amount being withheld for tax purposes, though some sites are reporting she sold them.”
Panzarino reports, “If you actually read the form, you’ll note that footnote 2 clearly states that, ‘Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of restricted stock units. No shares were sold.‘ (Emphasis ours).”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]