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In a recent revelation, Apple’s CEO Tim Cook has pocketed a whopping $41.5 million post-tax windfall this week. This financial feat was achieved through the sale of an impressive 511,000 shares of Apple stock, a treasure trove derived from a performance-based award. The details were laid bare in a filing graciously furnished by the U.S. Securities and Exchange Commission.
The genesis of this stock bounty lies in Apple’s stellar performance, as measured by its total shareholder return in relation to its S&P 500 contemporaries. This evaluation spanned from the inaugural day of Apple’s fiscal journey in 2021 to the grand finale of its 2023 fiscal voyage. Impressively, Apple clinched the 141st spot among the 480 formidable contenders in the S&P 500 arena.
Even after this lucrative transaction, Cook retains ownership of a substantial 3.3 million shares in the tech behemoth, as per the official filing.
Adding to this financial crescendo, Cook has been bestowed with an additional 73,010 restricted stock units. These units are set to unfurl in installments of one-third, with the inaugural vesting scheduled for April 1, 2026, followed by encore performances in 2027 and 2028. Additionally, a bountiful bounty of 219,030 performance-based restricted stock units is slated for unveiling on October 1, 2026, albeit contingent on Apple’s S&P 500 performance.
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In a candid tête-à-tête with Fortune back in 2015, Cook unveiled his altruistic agenda, affirming his intent to channel his wealth towards philanthropy. His philanthropic roadmap begins with financing his nephew’s collegiate endeavors, embodying a systematic and thoughtful approach.