Apple Inc. CEO Tim Cook is poised to gain over $50 million from selling over 200,000 shares, according to an SEC filing. Earlier this week, Cook was also granted over 200,000 additional shares, nearly a quarter of which will vest later in the decade. The remaining shares are performance-based, contingent on Apple’s fiscal performance over the next three years. Cook holds over 3 million Apple shares as of early 2024, valued at over $500 million. His stock sale comes amid Apple’s leadership transition and the anticipation of the AI-enabled iPhone 16.
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00:00It's Benzinga, and here's what's on the block.
00:03Apple Inc.
00:04CEO Tim Cook is poised to gain over $50 million from selling over $200,000 shares, according
00:09to an SEC filing.
00:11Earlier this week, Cook was also granted over 200,000 additional shares, nearly a quarter
00:16of which will vest later in the decade.
00:18The remaining shares are performance-based contingent on Apple's fiscal performance
00:22over the next three years.
00:24Cook holds over three million Apple shares as of early 2024, valued at over $500 million.
00:30His stock sale comes amid Apple's leadership transition and the anticipation of the AI-enabled
00:35iPhone 16.
00:36For all things money, visit Benzinga.com.