Tim Cook sold $33 million worth of Apple shares

Apple's successful CEO Tim Cook sold a certain portion of the shares he owned. It is stated that Tim Cook earned approximately $16 million from this exchange.

After the death of Steve Jobs, Tim Cook, who assumed the CEO position at Apple, continues to reap the rewards of his successful performance. Cook, who received a large amount of bonuses last year, has now earned a significant amount of money by selling shares.

Tim Cook sold two hundred thousand shares

Last year, Tim Cook received a bonus of 63.2 million dollars for his successful performance. Of this bonus, $3 million was a salary, $47 million was a share bonus and $10.7 million was a performance-oriented bonus. As a result of this situation, Cook, who acquired a significant amount of Apple shares, decided to sell some of these shares.

According to MacRumors, Tim Cook sold 196,410 shares, estimated to be worth $33.2 million. Cook earned $16.4 million after taxes with this purchase. Despite this, it is stated that Cook owns approximately 3.3 million more shares. According to the report, Tim Cook automatically went on sale when certain conditions were met, but it is not known what these conditions are. Tim Cook, one of Apple's most successful executives, will probably get a serious bonus in 2024.