First noted by The Next Web, recently promoted Bob Mansfield cashed in 35,000 shares of AAPL stock at $582.21 a share. That is worth a fat check of $20,377,507.50, as a U.S. Securities and Exchange Commission filing also revealed today. This is Mansfield’s second time cashing in the stock that he was awarded in 2005. His first cash-in was in 2009.
While Mansfield was set to retire from Apple in June, he was appointed Senior Vice President of Technologies under Apple’s major exec shake-up. The longtime-exec has 29,548 shares remaining, and he will gain another 150,000 shares in June 2013 and March 2016 if he remains with CEO Tim Cook and Co.
Source: The Next Web, SEC
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