Apple CEO Tim Cook Sells Over $50 Million Worth of Stock

Apple CEO Tim Cook will soon be $50 million richer after selling 223,986 shares of Apple Stock, earning him a total of $50,276,076, according to an SEC filing. Cook was originally granted the stock as part of performance-based award based on Apple's shareholder return relative to other S&P 500 companies, and he often sells stock in October.

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Earlier this week, Cook was granted an additional 219,502 shares of Apple stock. 54,876 shares are set to vest in one-third increments in April of 2027, 2028, and 2029. 164,626 shares are performance-based and will vest on October 1, 2027. Depending on Apple's performance between fiscal 2025 and fiscal 2027, between 0 and 200 percent of the target number of shares can vest.

The total bonus will depend on Apple's total shareholder return relative to other companies in the S&P 500 over the next two years.

As of early 2024, Cook owned over three million shares of Apple stock, along with an additional 1.3 million unvested RSUs. Cook's unsold stock is worth over $500 million, and stock grants make up the majority of his total compensation.

In 2023, Cook's base salary was $3 million, but he also received $47 million in stock awards, $10.7 million in performance-based bonus awards, and $2.5 million in other compensation, such as 401(k) contributions, term life insurance premiums, vacation cash-out, security expenses, and personal air travel expenses.

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Top Rated Comments

McWetty Avatar
7 months ago
So THAT’S where all that storage and RAM upgrade money goes… TIL.
Score: 60 Votes (Like | Disagree)
Lioness~ Avatar
7 months ago
Good to know, that he will not starve for another week at least.
Score: 47 Votes (Like | Disagree)
tgwaste Avatar
7 months ago

Great for him. Now is time for him to pay his fair share in taxes. $50,000,000 could help out a lot of people.
Hell pay approx 8mm on that. The government will waste all of it.
Score: 21 Votes (Like | Disagree)
sc00ba Avatar
7 months ago
Whenever I read something like this, I always think "when is enough money...enough?".

Also, good work posting the cigarette butts Apple wallpaper again MacRumors??.
Score: 18 Votes (Like | Disagree)
macman01101 Avatar
7 months ago
How about baselining it to the first version of iOS 18 not sucking, and making a 32" iMac.
Score: 17 Votes (Like | Disagree)
mansplains Avatar
7 months ago
I often wonder what people do with this kind of money. Not in a judgmental manner, but curiosity. After the tenth home, 30th car, fifth yacht… what do you do next? You can contribute to your friends and family but may eventually incur gift tax. Tim doesn’t have kids either.
Score: 17 Votes (Like | Disagree)