Wednesday, May 18, 2016

SVP Phil Schiller sells nrly $20 million in company stock

’s Senior Vice President of Worldwide Marketing Phil Schiller became $20 million richer today, according to documents filed with the SEC. The papers show that Schiller cashed in a ton of stock for more than $18 million in cash.In all,Schiller solda total of 37,172 shares of common stock at a price of $500 for a total haul of $18.6 million. That’s almost exactly half of his 75,000 shares that vested in June, which was half of the 150,000 share bonus he received last fall…Interestingly enough, ’sSenior Vice President ofHardware EngineeringDan Riccioalso unloaded some stock today. His pay day, though, was much smaller than Schiller’s, selling off3,754 shares of common stock for $1.9 million in cash.The big selloffs comethree weeks after CFO Peter Oppenheimer AAPL share sell, which came in at a much lower premium. Three weeks ago, the stock was sitting at $420, and rlier this week, itcrossed the $500 markfor the first time since January.Don’t worry though, these selloffs don’t mn anyone is lving the company or worried about its future. Schiller, Jony Ive, and a of other executives still have hundreds of thousands of unvested shares that won’t be rdy until 2016.

No comments:

Post a Comment