Cook dumped $41 million in Apple stock, the biggest sell-off in more than two years

IT House News on October 4, Apple CEO Tim Cook recently filed a document with the U.S. Securities and Exchange Commission showing that he sold about $41 million worth of stock, which was his largest sell-off in more than two years.

According to SEC filings, Cook sold 511,000 Apple shares for after-tax income of about $41 million (IT House Note: currently about 300 million yuan), but he still holds about 3.28 million Apple shares.

It is worth mentioning that Cook's annual salary was just cut by 40% to $49 million some time ago. As part of the compensation adjustment, Cook's stock awards linked to Apple's performance this year have also increased from 50% to 75%.

In comparison, Cook received $99.4 million in compensation in 2022, including a $3 million base salary, approximately $83 million in stock incentives, and bonuses.

In addition to Cook, other Apple executives disclosed stock sales, including senior vice presidents Derek O'Brien and Catherine Adams, who each sold $11.3 million in stock.

According to public information, Cook's last large-scale stock sale was in August 2021, when he sold more than $750 million in Apple shares after ten years as CEO, with a net income of about $355 million after taxes.