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.
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.
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.
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