Apple’s chief operating officer, Jeff Williamssold regarding US$30 million in company shares last Wednesday (3/22). According to information from the 9to5Macthis value is equivalent to approximately 187 thousand papers from the Cupertino giant.
Although the value of the operation is impressive, this is still far from being the biggest sale made by Williams in recent years. In 2020, the executive traded around US$83 million in Apple shares – the equivalent of 519,080 shares – at once.
The most likely explanation for this movement is that Williams would have sold his shares to prepare for the tax collection season in the United States, although some people have already started to speculate on top of this sale. The proximity of the negotiation with the visit of the company’s CEO, Tim Cook, to China also caused a certain buzz.
In addition, as an executive with access to Apple’s financial results, it is quite possible that he scheduled the sale of his shares to reduce the risk of being accused of using his privileged position to profit from the company’s shares. In this case, the sale must be communicated to the United States Securities and Exchange Commission.
According to the organ, the executive has already made 32 negotiations since 2011 and is currently the owner of 489,816 units of Apple shares. Over the past 13 years, he has sold an average of 34,163 shares every 63 days.
Williams, it is worth remembering, also appeared on the list of Apple executives who traded the company’s shares in 2022. Cook, in turn, was the only one who chose not to make any sales throughout last year.