Apple's Bob Mansfield Sells 35K Shares of Apple Valued at $20.4M
A recent filing with the U.S. Securities and Exchange Commission revealed that, Apple’s Senior Vice President of Technologies Bob Mansfield sold 35,000 shares of AAPL stock valued at just under a whopping $20.38 million. According to The Next Web, the longtime Apple executive still has 29,548 shares left, with another 150,000 in options coming in June 2013 and March 2016 as long as he continues tow work for the company. The stocks that he sold off were sold at the going price of $582.21.
For those of you who aren’t familiar with Bob Mansfield, the former SVP of Hardware Engineering previously retired in June, only to return to Apple one month later as a special advisor to CEO, Tim Cook. Mansfield was allegedly given $2 million per month to stay on and was even given the title of SVP of Technologies after iOS Chief Scott Forstall was ousted from the company.
Currently, as chief of the new technologies division, Mansfield oversees Apple’s wireless teams, which are now covered under one umbrella group, along with overseeing the company’s semiconductor teams.
Mansfield must have some big plans as the chunk of money he made selling the 35,000 AAPL stocks is no laughing matter.
via The Next Web