Boss Applu Tim Cook added more than $24 million (nearly CZK 541 million at today's exchange rate) to his account on Wednesday - the day before Trump announced tariffs on many countries - thanks to the sale of company shares, according to a new filing with the US Securities and Exchange Commission (SEC). Cook sold a total of 108 shares that were allocated to him on April 136, when the so-called restricted stock units (RSUs) vested.oneThey were fully vested.
These shares are part of a long-term compensation package that Cook he received in 2020. The entire grant was divided into three parts - the first third of the shares became available to him in 2023, the second in 2024, and the last part this year. According to available information, the sold shares went to his trust fund.
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Bonuses that will keep Cookau Apphuh?
RSU shares are for Cookand a regular part of rewards and have a clear goal - to motivate him to remain at the top Applu. Since his appointment as CEO in 2011 Cook regularly receives these time-limited stock packages, but also performance RSUs, which are tied to the company's success. These are traditionally awarded in October. Now there is speculation whether Apple pros Cookand prepare a new grant that would keep him in the company for the future. Considering how stable the management under his baton is Apple has, a similar step could be expected.
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Millions for other top managers too
Not only Tim Cook but has benefited from corporate shares in recent days. Other top managers have also sold significant amounts of shares Applu. Jeff Williams, the company's chief operating officer, received nearly $8 million, while general counsel Katherine Adams sold shares worth more than $8,6 million.
Of course, sales of shares by top company executives are nothing unusual and are not a signal that management Applost confidence in the company. It is rather a normal part of their remuneration, which in the case of Applu regularly repeats. On the other hand, the sale of shares for more than half a billion crowns on the eve of the US President's announcement of tariffs on many countries of the world, after which the value of the shares Applu fell sharply, completely on credit Cookand he won't add. There are already rumors in the corridors about how much he might have known about Trump's plan.
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