Apple Senior Vice President of Internet Software and Services Eddy Cue sold 15,000 shares of AAPL stock on Friday. The sale was valued at around $8.76 million. The sales was revealed in a filing with the U.S. Securities and Exchange Commission published on Tuesday.
First spotted by CNet, the SEC filing noted Cue sold the stock at a price of $583.99 per share, and held only 285 shares after the selloff.
Cue was recently tasked with taking over extra duties left behind by outgoing iOS Chief Scott Forstall, who was ousted from Apple in late October. Among the executive’s new responsibilities is iOS Maps, the much bemoaned app introduced with iOS 6 in September.
Last week we reported that Cue was taking a “hands-on” approach to improve the mapping app after it was panned by consumers and in the press for its problems, both real and perceived.
Cue still has the bulk of 200,000 restricted stock units from 2011, half from his September promotion, the other half as part of a bonus he received in November. The first of the units is set to vest in August 2013, the remainder will vest at staggered amounts through September 2016, if Cue stays with Apple.
Cue’s move comes just days after SVP of Technologies Bob Mansfield sold 35,000 shares of Apple, worth approximately $20.38 million.
