According to a recent filing with the U.S. Securities and Exchange Commission, Apple CEO Tim Cook sold 223,986 shares of Apple stock for a total of $50,276,76.
In fact, Tim Cook typically sells Apple shares in October. In 2023, Cook earned approximately $41.5 million through stock sales. He also sold a significant amount of shares in April 2024, netting about $16 million.
In addition to his base salary of $3 million for the fiscal year 2023, Cook typically receives various performance bonuses and stock awards. In 2023, he received $47 million in stock awards, $10.7 million in non-stock payments, and $2.5 million in other payments.
According to MacRumors, earlier this week, the CEO was awarded 219,502 shares of Apple stock as part of a performance-based bonus. This award is tied to the shareholder return of Apple compared to other S&P 500 companies.
Of the shares Tim Cook received this week, 54,876 will vest in three increments in April 2027, 2028, and 2029. The performance-based 164,626 shares will only vest on October 1, 2027. It’s worth noting that up to 200% of the shares could vest depending on Apple’s performance in the fiscal years 2025 to 2027.
Image Source: Grok
Prompt: Apple CEO Tim Cook in front of the Apple logo
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
