The transactions were revealed Thursday in a regulatory filing showing Cook had bought and sold more than 5 million shares of the iPhone maker.
As head of the world’s most valuable company, Cook has received high awards in recent years.
One of the incentives was related to Apple’s performance in the S&P 500 over the past three years. The allotment of shares was activated this week because the company was one of the best companies in the index, which generated returns for the shareholder of almost 192% from August 2018 to 2021, as reported in a presentation.
apple (AAPL) is the most valuable company in the world, with a market capitalization of $ 2.4 trillion. Its stock has increased by about 11% so far this year.
Cook’s adventure came just days after he also donated 70,000 shares of Apple (worth about $ 10 million) to charities, according to a separate regulatory filing on Tuesday. He did not reveal the name of the recipient.
The chief executive officially became a billionaire last year and, according to the Bloomberg Billionaires index, was last estimated at about $ 1.5 billion.
Cook joined Apple in 1998 and held several senior positions before assuming his current position, including chief operating officer and executive vice president of global sales and operations. He was named CEO in August 2011, after co-founder Steve Jobs famously resigned. Jobs died weeks later from complications of pancreatic cancer.
Prior to joining Apple, Cook worked at Compaq i IBM (IBM).
In 2014, Cook made history by becoming the first CEO of Fortune 500 to come out gay. The following year he pledged to donate most of his wealth to charity.