Apple Inc. (NASDAQ: AAPL) CEO Tim Cook dinner acquired greater than 5 million shares within the know-how big this week as a part of a compensation package deal however bought a lot of the inventory instantly for greater than $750 million.
What Occurred: Cook dinner acquired 5.04 million shares on Tuesday as the ultimate a part of a compensation package deal that he was awarded after he took over as CEO of Apple in 2011, in response to a regulatory submitting from Thursday.
The shares are price $754 million, based mostly on Apple’s closing inventory value of $149.62 on Tuesday. Nonetheless, Cook dinner bought a lot of the shares over a interval of two days for greater than $750 million.
See additionally: How To Purchase Apple (AAPL) Inventory
A part of the Apple CEO’s compensation trusted how effectively Apple’s shares carried out in comparison with different firms on the S&P