HONG KONG : Apple CEO Tim Cook just celebrated 10 years on the job. He also marked the occasion this week by collecting — and selling off — three quarters of a billion dollars worth of stock.
CNN reported that the transactions were revealed in a regulatory filing Thursday, which showed that Cook had acquired and sold more than 5 million shares of the iPhone maker.
As head of the world s most valuable company, Cook has received lofty stock awards in recent years.
One of the incentives was tied to Apple s performance in the S&P 500 over the past three years. The stock award was triggered this week because the firm was one of the index s top performers, generating shareholder returns of nearly 192% from August 2018 to 2021, it said in a filing.
Apple (AAPL) is the world s most valuable company, with a market cap of $2.4 trillion. Its stock is up about 11% so far this year.
Cook s windfall came just days after he also donated 70,000 Apple shares (worth about $10 million) to charity, according to a separate regulatory filing Tuesday. It did not disclose the name of the recipient.
The chief executive officially became a billionaire last year, and was last estimated to be worth about $1.5 billion, according to the Bloomberg Billionaires index.
