Apple SVP Eddy Cue Sells $8.76 Million of AAPL
Apple Senior Vice President of Internet Software and Service, Eddy Cue, sold off 15,000 shares he had in the company last week worth about $8.76 million, according to an SEC filing relayed by CNET.
Before making too much out of last week's sale, consider that Cue was given a hearty bonus of 100,000 restricted stock units last November, designed to keep him and others there for the long haul. The first bunch of those shares vests on September 21, 2014, reliant on Cue continuing to work at Apple.
Cue sold those shares at an average price of $584/share. Apple SVP Bob Mansfield also recently sold off some of his AAPL stock for about $20 million.