Everything stock
Not too long ago, Apple announced that they would be dishing out $2.65 per share to regular Apple stockholders, but even those within Apple that own restricted stock units will be getting a little something.
Scott Forstall, Apple's high-profile Senior Vice President of iOS software, has sold off $38.7 million-worth of previously-restricted Apple stock according to recent security filings. Forstall had sold off about $33 million-worth of stock in March when the restriction first lifted, and the final sale here here leaves him with 5% of the 120,000 shares he was first given in 2008. Forstall still has another 100,000 restricted stock units that will be ready to sell in 2014 and another 150,000, half of which will vest in 2013 and the other in 2016.
Tim Cook isn't the only one cashing in Apple stock these days; Senior VP of marketing, Phil Schiller, CFO Peter Openheimer, VP of hardware engineering Robert Mansfield, and VP of iOS software Scott Forstall recently had the restrictions on some of their stocks removed, resulting in a sizable sell-off between March 24 and March 26. Even Cook sold off a few more.
Apple's stock (AAPL) hit an all-time high this morning, passing $500 based on rumors of an iPad 3 announcement in early March and their recent $46 billion in revenue, 37 million iPhone sales quarter.
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