Apple CEO Tim Cook sold $36M worth of company stock this week

Apple CEO Tim Cook sold $36M worth of company stock this week

A filing with the Securities and Exchange Commission (SEC) on Friday has revealed that Apple CEO Tim Cook has collected $36 million in stock sale.

The filing said that Cook – who completed his fifth anniversary as the Apple CEO on Wednesday, August 24 – sold $36 million worth of the Apple stock, close on the heels of lifting the restrictions on 1.26 million shares of stock which he had been previously awarded.

According to the SEC filing, more than 656,000 shares have been withheld by Apple to meet tax withholding requirements, while Cook netted approximately $36 million by selling 334,000 shares on the open market this week.

The filing has revealed that the Apple shares sold by Cook hit the market on Thursday and Friday, at prices which ranged between a low and high of $106.54 and $107.92 respectively.

Meanwhile, as a result of the sale of Apple stock by Cook, 1.31 million shares -- including some earlier Apple stock holdings -- worth nearly $140 million were left with the high-profile Apple executive at closing price on Friday. In the coming years, Cook will also likely collect another 3.5 million shares which are still under restrictions.

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