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Tim Cook Sells Off More Than 196,000 of His Apple Shares

Tim Cook Sells Off More Than 196,000 of His Apple Shares

Apple CEO Tim Cook sold off 196,410 shares of the company’s stock earlier this week. Cook made a cool $33.2 million from the sale, based on the average sale price of the transitions, according to a U.S. Securities and Exchange Commission¬†filing. As you might expect, Uncle Sam got his cut of the action, meaning Cook netted nearly $16.4 million from the stock sale.

All of the shares sold by Cook were shares he’d received as a performance-based stock award. Cook and other senior executives at Apple have predetermined trading plans to sell their company stock¬†under insider trading laws. Cook has served as Apple’s CEO since 2011.

Cook still has nearly 3.3 million shares of Apple’s stock in his back pocket following the sales, according to the SEC filing.