Apple CEO Tim Cook nets $24 million in sales of Restricted Stock Units

The remainder of Apple CEO Tim Cook’s Restricted Stock Units “couldn’t have vested at a better time, with 108,136 shares sold” just before tariffs were announced, reports AppleInsider. 

Restricted Stock Units (RSUs) are a form of equity compensation where employees receive company stock shares, but the ownership is restricted until certain conditions, like a vesting schedule, are met. They’re a type of equity compensation that companies use to incentivize employees to stay with the company long-term. 

Wednesday’s sale was shared via an SEC filing, which shows 108,136 shares were sold, netting Cook a cool US$24 million. According to MacRumors, the RSUs sale was the last of three that was from a time-based stock award granted in 2020.

I hope you’ll help support Apple World Today by becoming a patron. Patreon pricing ranges from $2 to $10 a month. Thanks in advance for your support.

The post Apple CEO Tim Cook nets $24 million in sales of Restricted Stock Units appeared first on MacTech.com.