Dan Riccio, senior vice president of Hardware Engineering, sold off nearly US$11 million in company stock last week, reports “CNET.” The sales included 19,726 shares, with another 1,000 that are given away as a charitable donation.
Riccio along Craig Federighi, Apple’s senior vice president of Mac Software Engineering, were given 75,000 shares of company stock as part of promotions in September, worth a little more than $50 million at the time. However the first batch of 25,000 shares of that stock cannot be traded until next December, notes “CNET.”
Read more at http://news.cnet.com/8301-13579_3-57551430-37/apple-hardware-chief-sells-off-%2410.7m-in-stock/ .