Apple executive Eddy Cue sold 15,000 shares worth ~$584 apiece, netting him $8.76 million last Friday, according to a SEC filing.It’s good timing for Cue, since the shares are getting massacred today. They’re down 4.3 per cent to $551 as of this writing.
The Wall Street Journal recently profiled Cue, calling him “Mr. Fix-It,” because he takes over failed Apple projects tries to turn them around.
According to the filing, the shares Cue sold were indirectly held by a trust.
He has a lot more coming to him in the future. As part of a compensation package he’s in line to get 100,000 shares next year.
Cue isn’t the only Apple executive selling shares. Bob Mansfield, who ran hardware engineering and now oversees a unit called Technologies, sold $20 million worth of stock last week.
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