Apple Stock: Scott Forstall To Earn More
Posted by Steve Jim on May 3, 2012
One of the most representative of Apple executives, Scott Forstall, often appeared to present news in the last keynote of Cupertino, has exploited the moment incredibly positive for the value of Apple shares by selling over 65,000, about 95% of those in its possession and earning an amount that is around 38.7 million dollars.
Forstall, who occupies the role of senior vice presidents of iOS software by Apple, has executed the transaction on Friday, as revealed by the U.S. Securities and Exchange Commission. Share sold belongs to what remains of a bonus from Forstall in 2008, when 120,000 shares were given away Apple.
Exploiting the evaluation of the extremely high prices Apple, Forstall has sold about 95% of its equity assets of the company, and now owns only 2,988 shares of the company. If valued at the closing price on Friday, those shares have a value of approximately $ 1.8 million in total.
In addition, Forstall should benefit from additional 100,000 shares of the company that receives more than 150,000 in 2013 and that will be delivered between 2013 and 2016, more and decides to remain employed by the Cupertino company. Besides this, Forstall earns a salary of $ 700,000 per year as head of Apple’s iOS software division.
Source: hdblog.it
Filed in: Apple
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