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Apple CEO Tim Cook Snags 72k Shares Of Vested Stock, Eddy Cue Sells $12.4M - techcrunch.com
Apple executives were granted more than 120k shares of vested stock in transactions that took place last week but were disclosed today. CEO Tim Cook converted 72,877 units of restricted stock that were originally granted on a schedule.
SVP Eddy Cue converted 50,000 units out of a grant of 100k that was awarded in September 2011. The remainder of those shares will vest at this time next year. Cue sold 24,500 shares at an average price of $504.18 to net around $12.39 million. Cue withheld 25,420 shares at a price of $501.02 per share for taxes.
Cook tucked away 38,028 shares at a current market rate of around $19 million to satisfy taxes and
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