Tim Cook makes $16 million from selling Apple shares

Apple CEO Tim Cook has sold shares in his company worth about $33 million, and received just under half that after tax.As detailed in a filing to the Securities and Exchange Commission, Cook sold 196,410 shares, and did so in multiple batches. Based on stated prices received per share, Cook earned between $33.04 million and $33.23 million before taxes.The sums are a fraction of the estimated $355 million he made selling five million shares in 2021. It's also not as much as the last time he sold shares, when he got around $41.5 million in October 2023.That 2023 sale came at time when Apple's stock was trading lower than usual, and that's also what is happening now. Apple's stock has dropped sufficiently since its all-time high in December 2023 that firms such as Loop Capital have been advising against buying Apple shares lately. Continue Reading on AppleInsider | Discuss on our Forums