Apple Execs Cook, Oppenheimer and Schiller Net Millions After Stock Sales

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Apple’s chief executive officer Tim Cook, chief financial officer Peter Oppenheimer and chief marketing officer Phil Schiller have all reportedly sold thousands of shares of stocks, netting millions of dollars for each Apple executive. According to MacRumors, Tim Cook¬†sold 106,640 shares for $64 million, or about $600.79 per share. Oppenheimer made out with $48 million after selling 80,147 shares for about $599 per share and Phil Schiller made $38.66 million after selling 64,151 shares at $602.66 per share. The restricted stock units (RSUs) were originally given to the executives in 2008 and vested on March 24th, which means the executives were finally able to sell a bit of their stake. As MacRumors¬†explained, RSUs are quite often given to executives as an incentive for those people to remain with a company.

[via MacRumors]

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...