Tim Prepare dinner sells off greater than $750 million in Apple shares

The transactions were revealed in a regulatory filing Thursday, which showed that Cook had acquired and sold more than 5 million shares of the iPhone maker.

As head of the world’s most valuable company, Cook has received lofty stock awards in recent years.

One of the incentives was tied to Apple’s performance in the S&P 500 over the past three years. The stock award was triggered this week because the firm was one of the index’s top performers, generating shareholder returns of nearly 192% from August 2018 to 2021, it said in a filing.

Apple (AAPL) is the world’s most valuable company, with a market cap of $2.4 trillion. Its stock is up about 11% so far this year.
How Tim Cook has grown the Apple empire in his decade as CEO
Cook’s windfall came just days after he also donated 70,000 Apple shares (worth about $10 million) to charity, according to a separate regulatory filing Tuesday. It did not disclose the name of the recipient.
The chief executive officially became a billionaire last year, and was last estimated to be worth about $1.5 billion,…