Apple CEO Tim Cook just sold 13% of his stock for $42 million after taxes

Thu, 10/05/2023 - 06:39

Apple CEO Tim Cook just sold $88 million of his stock, earning about $41.5 million after taxes.
The iPhone maker's boss cashed in 13% of his stake, but still owns shares worth $570 million.
Cook was awarded the shares for delivering a total shareholder return of 54.1% over three years.

Apple CEO Tim Cook has cashed in 13% of his stake in the iPhone maker for about $41.5 million after taxes, marking his biggest share sale in over two years.