2023 Author: Gordon Kinson | [email protected]. Last modified: 2023-05-24 11:09
Apple's senior vice president of global marketing, Phil Schiller, is nearly $ 20 million richer today, according to filings with the Securities and Exchange Commission. It is noted that Schiller received more than $ 18 million for part of his Apple shares.
Phil Schiller sold 37,172 shares of the company for $ 500 each, earning $ 18.6 million. This is about half of the 75,000 shares he owned, which he received in June, which in turn is half of the 150,000 shares he acquired last fall. Interestingly, another vice president, Dan Riccio, also got rid of some of the shares today. However, he earned significantly less by selling 3,754 shares for $ 1.9 million. Also, three weeks ago, CFO Peter Oppenheimer sold his shares, albeit at $ 420 per share, instead of the current $ 500.
However, there is no reason to worry - the sale of shares does not mean that any of them are leaving the company or worried about their future. In Schillerand other Apple executives are still hundreds of thousands of shares that they will not be able to sell until 2016.
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