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.
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