Mashable: In August 2021, Cook generated a total of $355 million through the sale of stocks.

Tim Cook, the Chief Executive Officer (CEO) of Apple Inc, has generated a net income of $41.5 million through the sale of 511,000 shares, according to a filing with the US Securities and Exchange Commission. This transaction represents his largest share sale in a span of two years. Prior to tax deductions, the total value of these shares amounted to approximately $87.8 million.

In August 2021, Cook generated a total of $355 million through the sale of stocks. Following this recent transaction, the Chief Executive Officer of Apple now possesses approximately 3.3 million shares, which are currently valued at approximately $565 million.

The shares of Apple have experienced a decline of 13% since reaching their peak of $198.23 in July.

This sale of shares comes subsequent to Cook's decision to accept a reduction in salary of approximately 40%, amounting to $49 million for the year 2023. Furthermore, the adjustments made to Cook's compensation plan will result in an increase of his stock awards tied to Apple's performance, rising from 50% to 75% for the current year.

Apple $AAPL CEO Tim Cook filed for his sale of 511K shares of Apple stock worth ~$87.8M (Before taxes)

The move was a part of a pre-planned Rule 10b5-1 trading plan and Cook still owns 3.28M shares of Apple following the move pic.twitter.com/Cu0Os46ODw

— Evan (@StockMKTNewz) October 4, 2023
Additional Apple executives who have reported share sales include senior vice presidents Deirdre O'Brien and Katherine Adams, who each divested $11.3 million worth of shares.

In the previous month, Apple introduced its latest iPhone 15 range without implementing any price increases. The iPhone 15 series, comprising the iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max, alongside the Apple Watch Series 9 and Watch Ultra 2, were unveiled on September 12 during the company's 'Wonderlust' event.