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cook sells 223,980 apple shares to cash out more than $50 million

2024-10-03

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it house news on october 3, sec regulatory documents show that apple ceo tim cook has sold 223,986 shares of apple stock, gaining wealth worth more than 50 million u.s. dollars (a total cash out of 502,76076 u.s. dollars, currently about 353 million yuan) rmb).

earlier this week, cook acquired an additional approximately 219,500 shares of apple stock. among them, 54,870 shares will be gradually unlocked at a ratio of one-third in 2027, 2028 and 2029, and another 164,620 shares will be performance-based shares, which will be unlocked on october 1, 2027. depending on apple's performance between fiscal 2025 and fiscal 2027, the unlocking ratio of these stocks ranges from 0% to 200%.

as of early 2024, cook held more than 3 million apple shares and 1.3 million unlocked restricted stock units (rsus). cook's unsold shares are worth more than $500 million (it house note: currently about 3.512 billion yuan).

in 2023, cook's basic annual salary will be us$3 million (currently approximately 21.075 million yuan), in addition to us$47 million (currently approximately 330 million yuan) in stock awards, us$10.7 million (currently approximately 75.166 million yuan) ), as well as us$2.5 million (currently approximately 17.562 million yuan) in other compensation, such as life insurance premiums, security fees and personal air travel expenses.