Apple’s Cook Swaps His Stock for a Sweet $33.2 Million Payday
Apple’s chief exec, Tim Cook, just let a bunch of Apple shares take a tumble, pocketing roughly $33.2 million in the process, according to a recent SEC filing.
How the Numbers Break Down
- Shares sold: about 196,410 Apple shares
- Gross proceeds: $33.2 million at the average sale price
- After taxes: left with roughly $16.4 million
- Remaining holdings: Cook still owns about 3.3 million Apple shares
A Look at the Sale
The stock Cook dumped came from a performance‑based award—think of it as a reward for hitting the company’s goals. He had a pre‑approved trading window in place, in line with insider‑trading regulations, so the move was all above board.
Why the Numbers Matter
While the headline figures look impressive, remember that the $33.2 million is the raw amount before taxes. After accounting for the necessary withholding, he’s actually taking home a bit less than a quarter of that.
Bottom Line
Tim Cook’s stock sale isn’t just a fiscal transaction—it’s a reminder that even the biggest names in tech have to juggle cash flow and regulatory compliance. And, after the sale, Apple still keeps him on board with a sizable shareholding, ensuring the CEO’s interests stay aligned with shareholders.
Tim Cook’s Plan to Offload His Apple Stakes
Apple’s top exec, Tim Cook, is reportedly set to sell every single share he owns in a methodical, step‑by‑step fashion. After stepping into Steve Jobs’ shoes back in 2011, Cook has built a fortune that’s now on the chopping block.
Big Picture
- Gradual Sell‑Off – Instead of a one‑shot dump, Cook will phase out his holdings over several years.
- Gifting the Fortune – Sources say he wants to “give away all his wealth,” probably to charity or the next generation.
- Starting Point – Since taking over, his share count has grown alongside the massive 2024 iPhone sales.
Why This Matters
It’s more than a pile‑of‑money move; it’s a signal of where Cook’s loyalties lie. And let’s be honest – who clocks a plan to hand over his prized assets so gracefully?
Bottom Line
Cook’s decision could ripple through Apple’s stock, possibly affecting future product pricing. Whatever happens, the headline stays clear: Apple’s CEO is all set to politely say “bye” to his shares in a very measured, almost Zen, way.
