Apple Senior Vice President of Technologies Bob Mansfield sold 35,000 shares of Apple stock at a price of $582, netting him a cool $20 million. This financial transaction was detailed in a SEC filing spotted by MacRumors.
Earlier this year, Mansfield sold another chunk of Apple stock for $12.5 million. Shortly after Mansfield sold his stock in February, the executive announced that he was retiring from his role as head of hardware and would serve the company in an advisory role. After a brief hiatus, Mansfield recently returned to lead a new Technologies group that was formed after the ouster of iOS chief Scott Forstall.
This latest transaction does not mean Mansfield is ready to exit the company again. Executives regularly cash in stock they receive as compensation for their work at Apple. Mansfield also has incentive to stay at Apple as he is slated to receive another 150,000 shares that will be disbursed in two equal allotments with the first arriving in June 2013 and the second in March 2016. He also has 100,000 shares of restricted stock that’ll vest in 2014.
Bob Mansfield sells over $20 Million in AAPL stock originally appeared on TUAW – The Unofficial Apple Weblog on Fri, 30 Nov 2012 12:30:00 EST. Please see our terms for use of feeds.