Share (finance) Stories June 9, 2014

Reminder: 7-1 AAPL stock split takes effect today

 

Apple’s first stock split since 2005 takes effect today, but the computers that track the stock price often forget to take that into consideration (above).

Why the 7-1 split? The lower buying price may open the door to more investments from smaller investors, and the ~$100 price would let it major indices list AAPL, opening the door to more investment. 

Share (finance) Stories June 6, 2014

Apple’s retail head Angela Ahrendts has stock withheld for tax purposes (Updated)

SEC filings show that Angela Ahrendts had half of her first allocation of AAPL stock withheld on 1st June – the day it vested, and just one month after joining the company – reports ComputerWorld.

According to a filing with the U.S. Securities and Exchange Commission (SEC), Ahrendts received 16,264 shares in Apple stock when it vested June 1 […]

Ahrendts sold 8,331 shares that same day for a pre-tax total of $5,273,523.

The full value of her stock, which is likely to vest (become eligible for sale) over several years, will add up to $78.5M at the current share price. Her total compensation in her final year as CEO of Burberry was $4.4M – though she did also get a clothing allowance of $42,000 and a car allowance of $30,000 (only at a fashion company could you get more to spend on clothes than a car …).

Selling half your stock at the very first opportunity doesn’t seem to send the best of signals a month into the role, but I guess she needs to buy a house out in the Valley and those aren’t exactly cheap right now.

The withholding of the shares came just over a week before a 7-to-1 stock split, on Monday. The stock split should make AAPL shares more attractive to smaller investors, a shift that could make the share price more volatile.

Via Fortune

Update: These shares were withheld for tax purposes by Apple not sold on the open market

Share (finance) Stories November 15, 2013

Size of Carl Icahn’s AAPL stock purchase revealed: $1.85B at the time, now around $2.5B

Billionaire investor Carl Icahn tweeted back in August that he had taken “a large position” in Apple, but we didn’t know at the time what the number was, beyond speculation that it was more than $1B.

A regulatory filing now reveals that he purchased 3.88M shares, which at the time would have been worth $1.85B, reports Business InsiderWith the increase in AAPL’s stock price, and additional purchases Icahn made since, it’s estimated that he now holds around $2.5B worth of Apple shares.

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