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11-30-2012, 03:23 AM #1
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
11-30-2012, 07:05 AM #2
Mansfield was allegedly given $2 million per month to stay on
That can't be right...right?
11-30-2012, 07:25 AM #3
11-30-2012, 08:27 AM #4
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.
11-30-2012, 11:49 AM #5
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!
11-30-2012, 04:14 PM #6
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
11-30-2012, 11:16 PM #7
12-03-2012, 02:15 PM #8
12-04-2012, 08:30 AM #9
man, lemme have 'bout 350 shares, that's all I need