MacRumors scribe Jordan Golson writes about new Apple board member and Disney president and CEO Bob Iger’s recent purchase of 2,670 shares of Apple stock on the open market.
According to a filing with the SEC, Iger purchased the 2,670 shares at an average price of roughly $375 per share. Bringing the value of the purchase to $1,001,250.
Such a large open-market purchase shows Iger’s faith in Apple’s future. Iger was awarded 142 restricted stock units when he was appointed director. The RSUs vest into Apple shares in February of 2012. His wife holds 75 shares from before he was appointed director.
Non-employee Apple board members are typically paid $50,000 per year in compensation for their time, plus an annual stock award in the form of RSU’s. All of which is chicken feed compared to Iger’s $29.5 million dollar compensation package from Disney.