"two senior Apple executives recently sold sizable stakes in the company. According to U.S. Securities and Exchange Commission filings, Bruce Sewell, Apple's general counsel and senior vice president of legal and government affairs, sold 37,172 shares for about $15 million and Jeff Williams, Apple's senior vice president of operations, sold 36,819 shares for about the same amount."
The Captain of the ship is safe and sound while everyone else is going down with the ship. LOL
THink about it 37,000 shares per exec. If they thought that it could just recover by $10 a share they left $370,000 on the table. Even a modest get back to $435 would have brought them $1 million more.
What is it they know that so many others don't ? ? ?
The shares you are referring to represent the withholding of shares as noted on the Form 4 filings to satisfy their tax obligation on the total vested shares. All of the execs retained about he same number of shares that were withheld and that could have been sold. If they knew something was imminent that would significantly drop the share price further after last Friday's vesting, they would have sold all of them. So yes, what is it that they know that so many others apparently don't know today that prevented them from selling all of the recently vested shares?