Apple's Senior Vice Presidents Sell Off Over $20.4 Million of Company Stock This Week
Apple Senior Vice Presidents Phil Schiller and Dan Riccio recently sold company stock worth over $20.4 million this week, with Schillerís sale accounting for nearly $18.6 million according to a recent filing with the U.S. Securities and Exchange Commission.
The SEC Filing notes that Apple SVP of Worldwide Marketing, Schiller, executed a trade worth $18.59 million, while SVP of Hardware Engineering, Riccio, let go of $1.88 million in AAPL stock on the same day. Schiller ended up selling 37,172 common stock shares at a price of $599 while Riccio disposed of 3,754 shares in a total of 11 trades ranging in price from $498 to $502; each reflected the weighted average sale price.
The trades come a little over two weeks after Apple board members Millard Drexler and William Campbell sold over $19 million in AAPL stock just last month.