Senior executives and board members made big year-end gifts to charity
Forms filed with the Securities and Exchange Commission Tuesday show two senior Apple (AAPL) executives and two board members taking advantage of the stock's record-high prices to donate nearly 10,000 shares between Dec. 10 and Dec. 17.
The single largest donation was made by board member Millard Drexler, current CEO of J. Crew (JCG) and former chairman of The Gap (GPS). According to his SEC Form 4, Drexler made a bona fide gift of 6,800 shares on Dec. 14, a day on which Apple closed at $320.29. That makes his gift (or gifts) worth something on the order of $2.178 million.
The other donations:
No recipients were named. Spreadsheet below the fold.
COO Tim Cook clears $68 million before taxes; CFO Peter Oppenheimer, $46 million
Apple's senior staff had a busy -- and profitable -- trading day Thursday.
More than a million restricted shares of Apple (AAPL) stock that seven of them were granted on Dec. 14, 2005 became fully vested Wednesday. The next day, with Apple opening at an all-time record high, four of them sold off all those shares pursuant, as the MOREPhilip Elmer-DeWitt - Mar 26, 2010 7:31 AM ET
|Stocks pop after jobs report|
|Economy is improving but why doesn't it feel that way?|
|Where should you put your money now?|
|November jobs report: Unemployment falls to 7%|
|2 million Facebook, Gmail and Twitter passwords stolen in massive hack|