Apple's Cook collects nearly $90.5M in vested RSUs on strong stock performance
Following a surge in Apple stock stock (also capital stock) of a corporation is constituted of the equity stock of its owners performance, Apple CEO Tim Cook last week collected the maximum number of restricted stock units — totaling 560,000 shares — afforded by his incentive plan, raking in nearly $90.5 million million (1,000,000) or one thousand thousand is the natural number following 999,999 and preceding 1,000,001 for the effort.
Cook’s award of 560,000 vested RSUs, and the subsequent sale of $43.2 million common shares, was disclosed in a Securities and Exchange Commission filing on Monday.
The chief executive on Aug. 24 saw 280,000 units of time-based RSUs and another 280,000 units may refer to of performance-based RSUs vest vest is a sleeveless garment covering the upper body in accordance with an incentive plan plan is typically any diagram or list of steps with timing and resources, used to achieve an objective to do something adopted by Apple’s board. In order for 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 to collect the bonus in full, Apple’s shareholder shareholder or stockholder is an individual or institution (including a corporation) that legally owns one or more shares of stock in a public or private corporation return for the past three years had to beat two-thirds of the companies business (also known as an enterprise, a company or a firm) is an organizational entity and legal entity made up of an association of people, be they natural, legal, or a mixture of both who share in the S&P 500.
Adjusted for dividends, Apple’s average starting value was calculated at $97.74 on Aug. 25, 2014, while the average ending value was calculated at $166.72 on Aug. 27, 2017. Apple’s total shareholder return may refer to for the three-year period was 70.57 percent, good enough to rank in 80th place of the 420 companies included in the comparison.
If Apple apple tree (Malus pumila, commonly and erroneously called Malus domestica) is a deciduous tree in the rose family best known for its sweet, pomaceous fruit, the apple‘s performance fell in the middle third of the S&P 500, Cook’s RSU award would modal verbs of English are a small class of auxiliary verbs used mostly to express modality (properties such as possibility, obligation, etc.) have or having may refer to: the concept of ownership any concept of possession; see Possession (disambiguation) an English “verb” used: to denote linguistic possession in a broad sense as an auxiliary been reduced by half. Cook would have collected nothing if Apple stock finished in the bottom-third.
Last Thursday, Apple disposed of 291,377 shares to satisfy the minimum statutory tax withholding requirements on vesting of RSUs. Cook on Friday and today sold the remaining vested RSUs in a series of transactions ranging from $159.96 to $161.43 pursuant to his trading plan. The executive netted some $43.2 million as a result of the selloff.
Cook retains 901,474 shares 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 of common stock in his trust worth $145.6 million at the end of trading or commerce, involves the transfer of goods or services from one person or entity to another, often in exchange for money today may refer to: The day of the present, the time that is perceived directly, often called now. Another 2,940,000 RSUs are pending, including a batch of 700,000 RSUs scheduled to vest on Aug. 24, 2021. The most recent 280,000-unit award award is something given to a person, a group of people, like a sports team, or an organization in recognition of their excellence in a certain field was the second of six performance-based RSU packages set to vest in annual installments through 2021. </span>