Apple CEO Tim Cook receives $3.6M from small sale of 30,000 shares, weeks after $1.5M pay cut

 A small cache of 30,000 Apple shares were sold by Apple Chief Executive Tim Cook this week as part of a scheduled trading plan, with Cook receiving a total of $3.6 million from the company stock sale.

A filing with the U.S. Securities and Exchanges Commission reveals Cook made three transactions or transactional may refer to on subsequent days, From January 17 to January is the first month of the year in the Julian and Gregorian calendars and the first month to have the length of 31 days 19. On each day, 10,000 common stock shares were sold, with an individual share may refer to: To share a resource (such as food or money) is to make joint use of it; see Sharing Share, Kwara, a town and LGA in Kwara State, Nigeria Share (finance), a stock or other security price of $120 on the form making each transaction worth $1.2 million.

After the three transactions, Cook still owns 1,009,809 shares, currently worth in excess of $121 million.

The small scale offloading of shares comes shortly after may refer to executives received a pay cut for missing performance targets, with or WITH may refer to: Carl Johannes With (1877–1923), Danish doctor and arachnologist With (character), a character in D. N. Angel With (novel), a novel by Donald Harrington With (album), Cook losing $1.5 million of his bonus pay. Even with the pay cut, Cook still received $8.7 million in total compensation for the year, though this still still is an apparatus used to distill liquid mixtures by heating to selectively boil and then cooling to condense the vapor is lower than payments Cook received in 2014.

While Cook’s shares were and wer are archaic terms for adult male humans and were often used for alliteration with wife as “were and wife” in Germanic-speaking cultures (Old English: were, German: Wehr, Dutch: weer, sold as part of a predefined trading plan, it is unclear if the sale is in response to the pay cut.

In August last year, Cook received a total may refer to of 1.26 million million (1,000,000) or one thousand thousand is the natural number following 999,999 and preceding 1,000,001 restricted stock stock (also capital stock) of a corporation is constituted of the equity stock of its owners units (RSUs) – 980,000 time-based and 280,000 performance-based RSUs, vesting after five 5 ( /ˈfaɪv/) is a number, numeral, and glyph years year is the orbital period of the Earth moving in its orbit around the Sun in the role as CEO. Shortly after vesting, Cook may refer to: The action of cooking, the preparation of food with heat for consumption Chef, a professional proficient in all aspects of food preparation Cook (profession), a professional who sold off around a third of his share stockpile, at the time leaving him with 1,309,692 shares in his trust.

Cook is due to receive a number of other stock rewards in the future, including 700,000 RSUs due to vest on August 24, 2021, and five annual installments of performance-based RSU awards that will run until 2021.

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Source: http://appleinsider.com/news/

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