Bob Mansfield's $10 million payday

October 26, 2010: 8:06 AM ET

An options windfall for Apple's top Mac and iPhone hardware engineer

Image: Apple Inc.

Several senior Apple (AAPL) executives -- including Betsy Rafael (controller), Jeffrey Williams (operations senior VP) and Bertrand Serlet (software engineering senior VP) -- took advantage of the company's recent record share prices to exercise some of the stock options they've been sitting on.

But none saw quite the windfall that Bob Mansfield enjoyed last Thursday. According to an SEC Form 4 filed Tuesday, Mansfield sold 40,000 shares on 10/21 with a strike price of $36.54 for $308 apiece -- clearing a cool $10.844 million in the deal.


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