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Al Gore Sells $29.5 Million In Apple Stock (appleinsider.com)

Posted by BeauHD on from the time-to-jump-ship dept.

An anonymous reader quotes a report from AppleInsider: A U.S. Securities and Exchange Commission filing on Friday reveals Apple board member Al Gore this week sold 215,437 shares of Apple stock (APPL) worth about $29.5 million. Gore's stock sale, which was accomplished in multiple trades ranging from $136.4 to $137.12 on Wednesday, nearly matches a $29.6 million purchase of Apple shares made in 2013. When Gore bought the stock batch more than four years ago, he exercised Apple's director stock option to acquire 59,000 shares at a price of about $7.48 per share, costing him approximately $441,000. This was pre-split AAPL, so shares were valued at $502.68 each. Following today's sale, Gore owns 230,137 shares of Apple stock worth $31.5 million at the end of trading on Friday.

2 of 198 comments (clear)

  1. Poor Guy. Guess He Needs the Money... by RobotRunAmok · · Score: 1, Troll

    The Global Warming Carbon Credit Kickback Scam is not progressing as he thought it would...

  2. Re:Unjust by TheFakeTimCook · · Score: 0, Troll

    Director stock options are another unjust method of the one percent to take from everyone else while adding no value.

    I would like to ask what is "unjust" about a private corporation's private compensation plans for its private employees?