toggle

AAPL Stock: 116.47 ( + 0.16 )

Printed from http://www.macnn.com

Several Apple execs seize on record stock prices

updated 11:35 am EDT, Tue October 26, 2010

Mansfield reaps over $10.8 million

Several Apple executives have taken advantage of record stock prices through large share selloffs, according to SEC documents. The greatest amount of cash was brought in by the company's senior VP of hardware engineering, Bob Mansfield, who sold 40,000 shares on October 21st with a strike price of $36.54 for $308 per share, granting him $10.844 million. The executive is already relatively wealthy without bonuses or stock options, earning a salary of $600,396 a year.

Other executives recorded as having made selloffs include controller Betsy Rafael, senior operations VP Jeffrey Williams, and senior software engineering VP Bertrand Serlet. Although Serlet sold just 5,000 shares on October 18th, he is noted to have come the closest to exploiting Apple's all-time share high. His shares were worth $318.50 at the time of the transaction, no more than 50 cents off their peak.






by MacNN Staff

toggle

Comments

  1. mac-a-tac

    Joined: Dec 1969

    -1

    smart tax strategy

    Whoever depends on Congress and Obama to extend all of the Bush tax cuts is gambling with their (invested) money. I do not see this as an insider taking profits because of Apple peaking, I see this as a move to avoid much nigher tax liability in 2011 and beyond.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

MaxUpgrades 512GB Retina MacBook Pro SSD

Apple's Retina line of MacBook Pro notebooks have been impressive, right from their debut in 2012. Thinner than the previous model, t ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a for ...

toggle

Most Commented