Apple CEO Tim Cook attends the season 2 premiere of Apple’s “Ted Lasso” at the Pacific Design Center on July 15, 2021 in West Hollywood, California.
Axelle / Bauer-Griffin | FilmMagic | Getty Images
Apple CEO Tim Cook received more than five million shares of Apple this week, selling most of the shares for more than $ 750 million, according to an SEC statement released by Apple on Thursday. .
The stock stretch is the final part of the compensation package Cook received when he took over as CEO of Apple ten years ago. Last year he obtained a new compensation package that extends to 2026. Most of Cook’s compensation is in the form of restricted stock units.
Cook received the largest number of shares to which he was eligible under the 2011 agreement, which depended on the performance of Apple’s shares compared to other S&P 500 companies.
Apple ranked third among cohort companies, with a total shareholder return of 191.83% in the last three years, ranking 13th out of 442 companies, according to the statement.
Since Cook became CEO in 2011, Apple shares have risen more than 1,200%.
Earlier this week, Cook made nearly $ 10 million worth of Apple shares to an unnamed charity, according to an SEC filing. Cook said earlier that he will give all his fortune to charity. An Apple representative did not respond to requests for comment.