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Apple’s CEO Tim Prepare dinner this week bought 196,410 shares of the corporate’s inventory, which had a complete worth of roughly $33.2 million primarily based on the typical sale value of the transactions, in accordance with a U.S. Securities and Change Fee submitting. After taxes, Prepare dinner netted practically $16.4 million from the gross sales.
Prepare dinner acquired all the shares that he bought this week as a performance-based inventory award. Like different senior executives at Apple, he has a predetermined buying and selling plan to promote firm shares in accordance with insider buying and selling legal guidelines.
Prepare dinner nonetheless owns practically 3.3 million shares of Apple’s inventory following the gross sales, in accordance with the submitting. He has served as Apple’s CEO since 2011.
In 2015, Fortune reported that Prepare dinner deliberate to “give away all his wealth.”
Thanks, Michael Burkhardt!Tags: Tim Prepare dinner, AAPL
This text, "Tim Prepare dinner Sells Almost 200,000 Apple Shares" first appeared on MacRumors.com
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