Apple CEO Tim Cook sells 196,410 share of Apple stock

Apple CEO Tim Cook sells 196,410 share of Apple stock.

Apple CEO Tim Cook has sold 196,410 shares of the company’s stock, which had a total value of approximately $33.2 million based on the average sale price of the transactions, according to a U.S. Securities and Exchange Commission filing

After taxes, he netted nearly US$16.4 million from the sales. Cook still owns nearly 3.3 million shares of Apple’s stock following the sales. 

MacRumors notes that Cook received all of the shares that he sold this week as a performance-based stock award. Like other senior executives at Apple, he has a predetermined trading plan to sell company stocks in accordance with insider trading laws.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.