2023-10-06 19:50:00
Tim Cook, the CEO of Apple, andraised US$41.5 million (around R$213 million) in its biggest share sale since 2021two years ago, as shown in a United States securities document, in which it is possible to check the trading of 511 thousand shares of the company.
The total amount already deducts taxes, as the total amount is US$87.8 million, according to the document issued last Tuesday (4).
The businessman had already earned a much higher amount, US$355 million, from the sale of shares in August 2021. Now, Cook still has around 3.3 million sharesvalued at a total of US$565 million.
The sale was offset by the entry of another 5 million shares received as an annual installment of his remuneration agreement stipulated in 2011, when he replaced Steve Jobs.
Since July, when it hit an all-time high of $198.23, the company’s shares have fallen 13% in July as investors worry regarding a slower-than-expected recovery in smartphone demand.
At the end of September, it is worth remembering that Apple launched its new iPhone 15 line, without increasing product prices in the United States — a measure that some industry analysts said was a response to the global smartphone crisis.
1696664407
#Tim #Cook #CEO #Apple #sells #thousand #shares #company #earns #US41.5 #million
