Apple CEO Tim Cook — who is making $49 million in salary this year — cashed in $41 million in stock as the iPhone maker’s stock slips from recent highs, according to a Securities and Exchange Commission filing.
Cook sold roughly 241,000 shares with about another 270,000 being withheld for tax purposes, the Tuesday filing revealed.
He still owns about 3.28 million shares of the Cupertino, Calif.-based tech behemoth to remain among Apple’s top individual shareholders alongside billionaire board member Arthur Levinson and the company’s COO Jeff Williams, according to Bloomberg.
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