“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.”
“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.
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