Apple Board Members Sell Off AAPL Stock Worth $19.03 Million
According to a filing with the U.S. Securities and Exchange Commission, two members of Apple’s Board of Directors sold company stock worth over $19 million this week. The filings reveal that Monday was the execution date for both Millar Drexler and William Campbell’s trades, which together were worth $19.03 million.
Drexler’s selloff accounted for a bulk of the combined assets with the current CEO of J. Crew Group gaining over $14.6 million after trading a total of 32,562 AAPL shares at prices ranging from about $448 to $449. As noted by the SEC, the transactions were executed in multiple trades with reported prices reflecting the weighted average sale price. As far as Campbell, the current Chairman of the Board at Intuit sold exactly 10,000 shares in two separate batches for a total of $4.4 million. The Apple board director executed his trades at average weighted prices ranging from $440 to $441.
Both members of Apple’s Board of Directors traded common stock which they received from the Director Stock Options. The trade also comes less than one week following a selloff worth nearly $16.4 million
by the company’s Chief Financial Officer, Peter Oppenheimer.