Tim Cook now has several million US dollars more in his private account – that’s the background.
The Apple CEO is not only paid a monthly salary, he has also received stock options for years. First of all, Cook cannot sell the respective packages immediately; the stock options have deadlines.
511,000 Apple shares sold
Now once again one of these limitations has expired. Cook therefore sold 511,000 shares. Sounds like a lot, but the CEO owns a total of 3.3 million shares.
Cook’s biggest stock sale in two years
Current proceeds of the package with 511,000 papers: a total of 41 million US dollars, which corresponds to around 40 million euros.
Cook’s transaction is his largest sale since August 2021. The fact that he sold the package because he currently does not expect the share price to rise significantly is ruled out. If media reports are to be believed, Cook leads a quiet private life. Since he spends most of the day in Apple Park anyway, Cook is never seen in relevant newspapers that feature celebrities with their cars, yachts or at parties. In this respect, the sale of the share package will probably serve to secure retirement…
