Tim Cook sold his Apple shares today. Cook, who has been with Apple for over 20 years, made a rare move by selling shares again after a long time. Here are the details of Tim Cook’s share count, the amount he sold, and more.
Cook sold approximately $88 million worth of shares!
Tim Cook, who started working at Apple in 1998, has continued his rise within the company since then. He became the CEO of the company in 2011 and made significant strides for Apple. One of these was the recently introduced iPhone 15 series, although our topic today is not the iPhone 15 but Cook’s shares.
Tim Cook, who has been serving as the CEO of Apple since 2011, announced that he sold a portion of his shares. He last sold shares in 2021 when he disposed of shares worth $355 million at that time. Cook did not make any sales in 2022, but now he has sold shares worth approximately $88 million, including taxes.
During this period when Apple shares were low, the Apple CEO, who sold 511 thousand shares, received a total of $ 87.8 million. However, when taxes were removed, the money placed in Cook’s hands fell to $ 41.5 million. So Cook got a net of $ 41.5 million from this sale.
The emergence of another piece of information from the sale is about the CEO’s other shares in Apple. According to the revealed information, Cook owns a total of 3.3 million shares, which gives him a stake of $585 million in Apple. This means that the Apple CEO still holds a considerable amount of shares.
Currently, the reason behind Tim Cook‘s share sale is unknown. As mentioned, it is indeed noteworthy that Cook sold shares during a period when Apple’s shares are relatively low. Why do you think Tim Cook sold his shares? Feel free to share your thoughts in the comments.
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