AAPL Stock: 117.81 ( -0.22 )

Printed from

CFO Peter Oppenheimer sells off $16.4M in Apple stock

updated 04:24 pm EDT, Fri July 26, 2013

Sale follows post-earnings stock jump

Apple CFO Peter Oppenheimer sold 37,172 shares of Apple stock on Wednesday, a new Securities and Exchange Commission filing shows. At an average share price of $440.31, the trade was worth approximately $16.4 million. The shares involved date back to November 2011, when Oppenheimer was granted them as part of a bonus. The sale followed a day after Apple's Q3 results; during that timespan, the company's stock shot up $20 in value.

The executive still owns 4,834 shares, currently valued at $2.1 million. According to internal rules established earlier this year, Apple executives other than CEO Tim Cook are required to hold stock worth three times their base salary. Since Oppenheimer receives an $800,000 salary, he should in theory need $2.4 million in shares. The company may, however, be flexible on the exact amount given shifts in the stock market.

by MacNN Staff



  1. pottymouth

    Dedicated MacNNer

    Joined: 11-19-03


Login Here

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


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented