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07-27-2013, 04:03 PM #1
Apple CFO Peter Oppenheimer Sells Off $16.37 Million Worth of AAPL Stock
A recently published filing with the U.S. Securities and Exchange Commission reveals that Apple’s Senior Vice President and Chief Financial Officer Peter Oppenheimer sold 37,172 shares of AAPL stock earlier this week at a price of $440.31. The transaction has net the executive $16.37 million. The sale took place one day after Apple’s quarterly earnings call for its third fiscal quarter of 2013 on Tuesday and was reported pursuant to SEC Rule 10b5-1 regarding insider trading.
Based on previous SEC filings, the shares that Oppenheimer sold came from a cache of 75,000 restricted stock units that vested in June. At the time, the executive sold 37,828 shares worth $15,641,878, with the recent transaction depleting the rest of the vested stock.
As of right now, Oppenheimer currently holds a total of 4,834 common stock shares, which at the recent price of $440.99 are worth $2.13 million. He’ll be seeing another 75,000 restricted stock units vested in March of 2016, which remain contingent on his continued employment at Apple.
Source: U.S. Securities and Exchange Commission via AppleInsider
07-27-2013, 04:30 PM #2
Was he around when aapl was trading above 700? That's a nice chunk of change!
07-28-2013, 08:57 PM #3
Wonder why he's jumping ship? Maybe he's not so confident in the iPhone 5c plans?
07-28-2013, 10:12 PM #4
He's selling stock because he knows that Apple won't release a 5" screen iPhone and the stock will fall after September.
07-29-2013, 05:24 AM #5
Talk about being rewarded..cha ching!!