New SEC Filings: Tim Cook Moves To Performance-Based Equity&Some Execs Cash In

New SEC Filings: Tim Cook Moves To Performance-Based Equity&Some Execs Cash In

Applejust posted the slewofnew SEC filingstotheir Investor Relations site. Backin 2011,the company's Boardof Directors authorizedan legislative furtherthat requiresall limited batch section (compensationnot essentially released until vested thecertain time later)tobe performance-based,ratherthan batch price-based.Inan bidto"leadby example", Tim Cook workedwiththe Boardto shifthis vast 1-million RSU 2011 endowmentinto performance-based compensation.In return,the RSUswill modifyto usual batch sooner.

In addition, mixed Apple management team sole vast amountsof strandedaftertheir RSUs vested today:

• Phil Schiller (SVP, Worldwide Marketing): 75,000new usual stock. Sold halfhis sum usual stock, 37,878,at $ 430 any (about $ twenty some-morethanthe stream batch price)for the sum payoutof we estimate $ 16.3 million.
• Peter Oppenheimer (CFO): 75,000new usual stock. Sold 37,828at $ 413.50 any (nearlythe stream AAPL batch price)for the sum payoutof we estimate $ 15.6 million.
• Bob Mansfield (SVP, Technologies): 28,414new usual stock. Sold 14,465at $ 413.50 anyfor the sum payoutof we estimate $ 6 million
• Jeff Williams (SVP, Operations): 75,000new usual stock. Sold 38,181at $ 413.50 anyfor the sum payoutof we estimate $ 15.8 million.
• Bruce Sewell (SVPand General Counsel): 75,000new usual stock. Sold 37,828at $ 413.50 anyfor the sum payoutof we estimate $ 15.6 million.
• Tim Cook (CEO): 80,000new usual stock. Sold 41,391at $ 413.50 anyfor the sum payoutof we estimate $ 17.1 million.

Scott Buscemi
Source : http://feedproxy.google.com/~r/9To5Mac-MacAllDay/~3/fGZx6XYwRXI/

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