Apple CEO Tim Cook last week donated 6,880 shares of personally owned company stock to an unidentified charity. Those AAPL shares were worth around $2 million as of the trading date.
A U.S. Securities and Exchange Commission filing on Thursday indicates that Cook made the transaction on December 27, when Apple shares were priced at $289.80. The shares were not sold and a reporting price was not applied to the transfer.
Cook has made similar gifts in the past. He donated 50,000 Apple shares to an unidentified third party in 2015, 23,215 shares in 2018 and 23,700 shares in 2019.
While executives of publicly-traded companies are not required to reveal recipients of charitable donations, we know Cook has previously made donations to the Human Rights Campaign’s Project One America, a gay rights initiative, and in 2014 donated hundreds of thousands of dollars to Pennsylvania’s Steel Valley School District, which funded the purchase of iPads for students and teachers in the district.
Cook also participates in charity auctions via CharityBuzz. In 2014, lunch with Cook at Apple’s headquarters, which went for $330,000. Proceeds went to the Robert F. Kennedy Center for Justice & Human Rights.
Cook now controls 847,969 shares of beneficially owned Apple stock that, as of Thursday, was worth $256.5 million.
(Via AppleInsider)