Apple executives begin to cash in on their stock options

Thu, Dec 6, 2012


With all this talk of a fiscal cliff and whatnot, a number of Apple executives are cashing in their stock options. The San Jose Business Journal reported earlier this week on a filing to the SEC made by Apple this Tuesday wherein it was revealed that newly promoted Apple executive Eddy Cue sold a large portion of his Apple shares for a grand total of $8.76 million.

Just one week ago, Apple’s Senior VP of Technologies, Bob Mansfield, sold 35,000 shares of the company stock valued at nearly $20.4 million, according to an SEC filing.

This doesn’t mean that either executive will be without shares for long since Mansfield is promised more restricted stock units as soon as this June and Cue as soon as August.

via SJBJ



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