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The Wall Street Journal: Apple CEO Tim Cook cashes in on $36 million in previously restricted stock

Apple Inc. Chief Executive Tim Cook this week reaped the biggest chunk so far of the mega-stock grant he received when was named CEO in 2011.

In a Securities and Exchange Commission filing on Friday, Cook said he had received 1.26 million shares of Apple stock, valued around $135 million, that previously were restricted. He now has hit the halfway point of a stock-compensation plan that could see him awarded 7 million shares by 2021.

Apple CEO Tim Cook Sells $36 Million in Stock

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Apple CEO Tim Cook reaped a $36 million windfall from selling a block of compensation stock that had previously been restricted, according a new SEC filing.

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