Apple's Tim Cook sells about $64 million in stock after performance award pays out at 171% of target

Apple Executive Chair Tim Cook sold about $63.8 million of the company's stock last week, cashing in part of a performance award that paid out well above target, according to a Form 4 filed Monday evening.

Cook received 374,541 shares on Oct. 1 when restricted stock units granted in 2023 vested. Apple withheld 199,038 of those shares to cover taxes, and on Oct. 2 Cook sold 191,753 shares at weighted-average prices between $331.44 and $333.94 under a Rule 10b5-1 trading plan he adopted on May 28, 2026. The dollar figure is an IDD calculation based on the reported prices.

He also reported a gift of 26,325 shares the same day. After the transactions, Cook held 3,237,843 shares through his trust.

The payout came from an award that tied the number of shares to Apple's total shareholder return against other S&P 500 companies over fiscal years 2024 through 2026. Apple's return over the period was 90.67%, ranking 115th of 480 companies, or the 76.20th percentile, the filings say. That converted Cook's target of 219,030 units into 374,541 shares, about 171% of target by IDD's math.

Chief Executive John Ternus, who also sits on the board, had 99,878 units vest from the same type of award, which carried a target of 58,408. After 49,054 shares were withheld for taxes, he sold 25,412 shares on Oct. 2 for about $8.5 million under a plan adopted May 21, 2026. He reported 59,567 shares held through his trust afterward.

Senior Vice President Deirdre O'Brien also had 99,878 units vest. She sold 46,389 shares for about $15.5 million under a plan adopted Nov. 24, 2025, leaving her with 136,810 shares.

Apple shares closed Monday at $332.89, down about 0.2% on the day and up roughly 22% so far this year.

By the numbers

• Cook shares sold: 191,753 (about $63.8 million)
• Cook shares withheld for taxes: 199,038
• Ternus shares sold: 25,412 (about $8.5 million)
• O'Brien shares sold: 46,389 (about $15.5 million)
• Apple relative TSR rank: 76.20th percentile of S&P 500 (fiscal 2024–2026)

Sources

1. Apple Inc. Form 4 for Timothy D. Cook, accepted Oct. 5, 2026, 6:42 p.m. ET, accession 0001140361-26-038674
2. Apple Inc. Form 4 for John Ternus, accepted Oct. 5, 2026, 6:35 p.m. ET, accession 0001140361-26-038669
3. Apple Inc. Form 4 for Deirdre O'Brien, accepted Oct. 5, 2026, 6:39 p.m. ET, accession 0001140361-26-038672

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.