Apple CEO Tim Cook dated more than 6,000 shares of AAPL to an undisclosed charity in the past week, according to a new Securities and Exchange Commissi report. These shares, based the closing price of Apple shares that day, are valued at nearly $ 2 milli.
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According to the SEC file, Cook dated 6,880 AAPL shares to a charity December 27, 2019. At the time of negotiati, these shares would have been worth $ 1.99 milli. With Apple’s surge at the end of the year, that same number of shares is now worth $ 2.06 milli.
Business owners are not required to publicly report the recipient of a charitable dati, but are ly required to disclose the act of transfer. Thus, we do not know the specific charity to which Cook dated the $ 2 milli.
Cook has made persal datis to several different charities in the past. In 2014, he dated to a campaign for LGBT equality. He regularly dates AAPL shares similar to undisclosed charities. As a business, Apple dates to things like disaster relief efforts, PRODUCT (RED), and more.
Cook currently ctrols 847,969 shares of AAPL, valued at over $ 254 milli. In an interview in 2015, Cook said he plans to date all of his wealth through a “systematic approach” to datis. At the time, he said he had started dating mey “quietly,” but did not reveal details.
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