Apple VP Bob Mansfield Just Sold 99% Of His Company Stock

Bob Mansfield, the Apple VP in charge of the iPod and iPhone divisions has just sold off 99% of his company fortunes which netted him nearly $14 million. Who needs a salary?

According to a AppleInsider citing Fortune:

Mansfield sold 38,863 shares of Apple stock priced at a weighted average of $351.89 for a total of almost $13.7 million. Mansfield held onto 501 shares of Apple, or roughly one percent of his Apple portfolio.

Mansfield has a trend of buying low and selling high:

In October 2010, Mansfield exercised 40,000 stock options at a strike price of $36.54 to net a profit of $10.8 million before taxes and fees. Mansfield has sold close to $58.5 million worth of stock over the past three years for a net gain of $37.9 million after taxes.

[via AppleInsider]
James Britton

James first bit into Apple when his mom and dad bought an Apple IIe in 1986. He switched to Wintel in the mid 90s when Apple was in a tailspin and back again to an iBook in 2005 when things were looking brighter. Hopefully there is no turning back to the dark side now.

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14 years ago