Tim Cook Nets $41.5 Million After Selling Over 500,000 Apple Shares
Apple CEO Tim Cook netted around $41.5 million after taxes this week after selling 511,000 shares of Apple stock that he received as part of a performance-based award, according to a filing released by the U.S. Securities and Exchange Commission.
The stock award was determined based on Apple's total shareholder return relative to the other companies in the S&P 500 between the first day of Apple's 2021 fiscal year and the final day of Apple's 2023 fiscal year. Based on this metric, Apple ranked 141 of the 480 companies that were included in the S&P 500.
Cook still owns nearly 3.3 million shares of Apple following the sale, the filing indicates.
Cook was awarded an additional 73,010 restricted stock units, with one-third of the units to vest on April 1 each year in 2026, 2027, and 2028. He was also awarded 219,030 performance-based restricted stock units that are scheduled to vest on October 1, 2026, but this amount is subject to change based on Apple's S&P 500 performance.
In a 2015 interview with Fortune, Cook said that he planned to give away all his wealth, after paying for his nephew's college education. Cook said that he would take a "systematic approach to philanthropy."
Cook has been CEO of Apple since 2011, and he has worked at the company for 25 years.
Popular Stories
Apple turns 50 this year, and its CEO Tim Cook has promised to celebrate the milestone. The big day falls on April 1, 2026.
"I've been unusually reflective lately about Apple because we have been working on what do we do to mark this moment," Cook told employees today, according to Bloomberg's Mark Gurman. "When you really stop and pause and think about the last 50 years, it makes your heart ...
Apple plans to announce the iPhone 17e on Thursday, February 19, according to Macwelt, the German equivalent of Macworld.
The report, citing industry sources, is available in English on Macworld.
Apple announced the iPhone 16e on Wednesday, February 19 last year, so the iPhone 17e would be unveiled exactly one year later if this rumor is accurate. It is quite uncommon for Apple to unveil...
In the iOS 26.4 update that's coming this spring, Apple will introduce a new version of Siri that's going to overhaul how we interact with the personal assistant and what it's able to do.
The iOS 26.4 version of Siri won't work like ChatGPT or Claude, but it will rely on large language models (LLMs) and has been updated from the ground up.
Upgraded Architecture
The next-generation...
While the iOS 26.3 Release Candidate is now available ahead of a public release, the first iOS 26.4 beta is likely still at least a week away. Following beta testing, iOS 26.4 will likely be released to the general public in March or April.
Below, we have recapped known or rumored iOS 26.3 and iOS 26.4 features so far.
iOS 26.3
iPhone to Android Transfer Tool
iOS 26.3 makes it easier...
Apple today shared an ad that shows how the upgraded Center Stage front camera on the latest iPhones improves the process of taking a group selfie.
"Watch how the new front facing camera on iPhone 17 Pro takes group selfies that automatically expand and rotate as more people come into frame," says Apple. While the ad is focused on the iPhone 17 Pro and iPhone 17 Pro Max, the regular iPhone...
