Apple CEO Tim Cook followed up on his sale last week of 334,000 shares of Apple stock worth nearly $36 million by selling another $28.7 million worth of company stock this week. Despite the sales, Cook still holds more than 1 million shares of stock in the Cupertino firm, worth around $110 million.
Cook sold 269,993 shares of Apple at prices ranging from $105.95 to $107.37, which brought in a net amount of $28,703,590. Cook’s total sales of Apple stock over the past two weeks means he has sold off around $65 million. That’s is a nice payday for anyone. Even if your company is facing a $14.5 billion tax bill somewhere on the other side of the pond.
Cook has plenty of stock to do with as he will, due to last week marking his five-year anniversary as Apple CEO. That event activated stock bonuses of 1,260,000 shares, worth more than $100 million.
In other notable stock sales by Apple executives news, Apple’s senior vice president of hardware engineering Dan Riccio also sold 49,996 shares of Apple stock earlier this week, earning more than $5 million. Sure, that’s not Tim Cook money, but it’s still a nice piece of change.