This Apple Executive is Cashing Out
Apple’s (NASDAQ:AAPL) Senior Vice President of Technologies Bob Mansfield has sold 35,000 company shares at just under $20.38 million, according to a filing with the U.S. Securities and Exchange Commission. The longtime company executive still has 29,548 Apple shares remaining, while another 150,000 units will come to him in June 2013 and March 2016 if he stays on with the company, TheNextWeb said. The stock was sold on Wednesday at a price of $582.21 per share.
Mansfield, who joined Apple when it bought out graphics chip manufacturer Raycer in 1999, is currently in charge of the company’s wireless and semiconductor teams.
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The executive announced his retirement in June as Apple’s senior vice president of hardware engineering, but returned to the company just a month later as a special advisor to chief executive Tim Cook. There were reports that he had been lured back at a salary of $2 million per month. He received the SVP of Technologies title after the departure of iOS chief Scott Forstall was announced in October.
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