Tim Cook Offloads Over 220K Apple Shares Worth $50 Million After Being Granted Over 200K Additional Shares

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.