Jeff Williams sells $29.2 million in Apple stock

jeff williams selling stock rect

Apple’s Chief Operating Officer Jeff Williams and likely heir to CEO Tim Cook has sold $29.2 million of his Apple stock in early October, Barron’s reports. Per the report:

On Oct. 1, 519,080 restricted stock units vested for Williams. The same day, he converted the RSUs to an equivalent number of Apple shares, held in his living trust. 

The next day, he sold 257,343 Apple shares for $29.2 million, a per-share average of $113.59. The transactions were conducted through a so-called Rule 10b5-1 trading plan adopted in February 2019. Such a device is used by insiders to remove any potential bias they may have from the knowledge of material nonpublic information. When the parameters, such as timing, price, and volume, are met, trades are automatically executed.

2 weeks ago Apple’s Board of Directors granted CEO Tim Cook 336,987 restricted units of Apple’s stock for recognizing his “outstanding leadership” and “unparalleled innovation and focus”.

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Sami
Sami started falling in love with Apple in 2010 with the iPhone 4S. As a registered developer, he deeply admires the world of Apple. Sami is an aspiring journalist, writer, and actor. He also has devoted his life to sharing his passion and knowledge with others around the world.