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  • 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.

    Source: SEC via The Next Web
    This article was originally published in forum thread: Apple's Bob Mansfield Sells 35K Shares of Apple Valued at $20.4M started by Akshay Masand View original post
    Comments 8 Comments
    1. rohunb's Avatar
      rohunb -
      Mansfield was allegedly given $2 million per month to stay on

      That can't be right...right?
    1. kfernandes29's Avatar
      kfernandes29 -
      Quote Originally Posted by rohunb View Post
      Mansfield was allegedly given $2 million per month to stay on

      That can't be right...right?
      Unfortunately it's totally right. That's absolutely ridiculous. So is the fact that he has about another 120+ million dollars in stocks.
    1. DaddyofTheMacDaddy's Avatar
      DaddyofTheMacDaddy -
      A lot of executives are selling stocks now and reaping the benefits before the Obama tax hike takes effect 2013 and then more in 2014. Those guys will do okay, but the regular joes will suffer.
    1. fleurya's Avatar
      fleurya -
      Not sure if this is the case, but typically when execs sell chunks of stock it's all part of a plan set up months in advance so as not to spook investors. This really doesn't signal anything about Apple.

      Also, a lot of companies will be doing this and pushing big dividends out the door by year end because they are worried about potential tax hikes.

      Lastly, his smile is not nearly big enough!
    1. Mrteacup's Avatar
      Mrteacup -
      Quote Originally Posted by kfernandes29 View Post
      Unfortunately it's totally right. That's absolutely ridiculous. So is the fact that he has about another 120+ million dollars in stocks.
      He sold 35k for 20.4 million how is 29k worth more in your world.

      Also its not ridiculous it just proves how valuable he is to Apple. Plenty more people make ridiculous amounts of money and the fact is a lot of them deserve it. For all you know he could be designing 75% of your apple products
    1. SepticTank's Avatar
      SepticTank -
      Quote Originally Posted by Mrteacup View Post
      He sold 35k for 20.4 million how is 29k worth more in your world.

      Also its not ridiculous it just proves how valuable he is to Apple. Plenty more people make ridiculous amounts of money and the fact is a lot of them deserve it. For all you know he could be designing 75% of your apple products
      Keep telling yourself this....
    1. bradmullins007's Avatar
      bradmullins007 -
      Quote Originally Posted by SepticTank View Post
      Keep telling yourself this....
      Maybe one day he'll even believe it.
    1. PatrickGSR94's Avatar
      PatrickGSR94 -
      man, lemme have 'bout 350 shares, that's all I need