GoKawiilTim Cook sells $63.9M in Apple stock, gifts additional shares
Apple executive chair Tim Cook sold 191,753 Apple shares on October 2 for roughly $63.9 million, a day after 374,541 restricted stock units vested based on Apple's three-year shareholder return performance. Apple withheld 199,038 shares worth about $65.7 million to cover taxes, and Cook separately gifted 26,325 shares to an unnamed recipient, leaving him with over 3.2 million shares held through his trust.
GoKawiil's interpretation of the reporting above, not reported fact.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted in May, suggesting it was scheduled rather than prompted by any recent company news. Large insider sales tied to RSU vesting are routine for long-tenured executives and don't necessarily signal views on the stock's near-term prospects, though they are closely tracked by investors as a data point on executive confidence.
- Cook sold 191,753 shares worth nearly $63.9 million on October 2
- The sale followed vesting of 374,541 RSUs tied to three-year shareholder return metrics
- Cook retains over 3.2 million Apple shares via his trust after the sale, tax withholding, and a share gift
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Published there as: “Tim Cook sold nearly $63.9 million in Apple shares this month”
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