Apple CEO Tim Cook just sold $88 million of his stock, earning about $41.5 million after taxes.
The iPhone maker's boss cashed in 13% of his stake, but still owns shares worth $570 million.
The disposals generated around $88 million of gross proceeds, but roughly $44 million was withheld by Apple to cover the taxes incurred.
For example, he sold $752 million worth of Apple stock in August 2021, netting himself around $355 million after taxes.
Following his latest trades, Cook owns about 3.3 million Apple shares, a position worth $570 million as of Wednesday's close.
Persons:
Tim Cook, Cook, —, Apple, Tesla, Warren Buffett's Berkshire Hathaway, Buffett
Organizations:
Apple, Service, TSR, Nvidia, Tech
Locations:
Warren