Apple CEO Tim Cook has received more than five million shares in the company he runs, ten years after he took office. He sold most of the shares for more than $ 750 million, according to the US Securities and Exchange Commission (SEC), writes BBC.
The shares received are part of the deal he made when he took over the management of Steve Jobs.
The "premium" was conditioned by how well Apple shares outperformed other S&P 500 companies
According to SEC data, Tim Cook was to be rewarded after shares rose 191.83% in the last three years.
Since taking over Apple in August 2011, the shares have increased by 1,200%.
Apple's value is now $ 2.5 trillion.
Last year, Tim Cook extended his term as Apple's CEO until 2026.
SEC data also shows that Tim Cook donated nearly $ 10 million to charity this week.
In 2015, he said he would donate his entire fortune before he died and is known to have donated tens of millions of dollars.
His personal fortune is about $ 1.5 billion, according to the Bloomberg Billionaire.
Editor: BP