Tim Cook has been CEO of Apple for almost half a year, but before taking this position, he was vice president of the company from Cupertino for several years. Before his appointment as vice president, he received two fairly large packages of shares, which he has the right to sell this year. The first package of shares received it in September 2008 as part of the bonus offered by the company to the management team and is worth 83 million dollars, and the second package he received for assuming the position of CEO of Apple during the period when Steve Jobs underwent several operations.
Of all the Silicon Valley executives who have a vesting event scheduled for the first quarter of 2012, the one who stands to reap the most is Apple Inc. Chief Executive Tim Cook, the study found. Mr. Cook has portions of two restricted-stock-unit grants—including one he received for filling in for Steve Jobs when the co-founder was on medical leave—vesting in the first quarter. As of Apple's closing stock price on Dec 30, those vesting shares of Mr. Cook's were worth $96.2 million, according to the study.
Both packages of shares can be sold starting from the end of March this year and their cumulative value reaches 96.2 million dollars. Practically, Tim Cook could seriously strengthen his fortune by selling these shares held in the Apple company, but he will probably decide to sell only a part of them after the iPhone 5 will be presented and their value will increase.
