Tim Cook Sold $33 Million in Shares

What happened to Apple in 2011 and Tim Cook, has been the subject of various discussions, directly or indirectly. We see him constantly on the agenda, both thanks to his actions specific to Apple and his statements outside the company. Our billionaire CEO has now come to our agenda with a very interesting move.

Selling some of his Apple shares Tim Cookwith a total value of over $30 million, almost 200,000 Apple shares sold. It turned out that this move, which surprised many people at first glance, actually took place within the framework of a certain rule. Also, the amount left to Tim Cook after the sales amount is also quite interesting.

It earned $16 million on sales of $33 million.

Tim Cook, exactly. 196,410 Apple shares It has sold. Their exact value is 33.23 million dollars. Of course, this is the amount before taxes are deducted. According to a United States Securities and Exchange Commission document, Cook made $16.3 million from the sale after taxes were deducted.

All of the shares sold by Cook belong to the ‘performance based share reward‘ came from the system. It is possible for Apple executives to sell company shares at certain periods within the framework of the rules determined within the company. Currently owned by Cook $3.3 million worth of Apple shares.

Apple CEO made a similar move in 2021 by selling a total of 5 million shares. $355 million he had achieved. Most recently, it came to the fore in 2023 with the sale of shares worth 88 million dollars.