Tim Cook sells 55 million euros of Apple shares

Tim Cook, Executive Chairman of Apple, sold 191,753 shares on October 2, totaling approximately 55 million euros. This transaction occurred one day after the vesting of 374,541 restricted stock units (RSUs) as part of his compensation package.

The RSUs were calculated based on Apple’s total shareholder return compared to other companies in the S&P 500 over a three-year period. According to SEC filings, the sale was executed through multiple transactions at prices ranging between 284 and 288 euros per share. Additionally, Apple withheld 199,038 shares to cover tax obligations related to the transaction.