Apple’s recently re-upped Bob Mansfield has cashed in 35k shares of his stock at a price of $582.21 a share. At that current valuation, the stock is worth a payday of roughly $20,377,507.50 to the long-time Apple vet.
Mansfield was awarded options on stock in 2005, which fully vested in 2009. He let go of some early this year at a price of $452, and this marks the second big batch so far. Mansfield is still in posession of 29,548 shares and stands to take possession of another 150,000 shares in June of 2013 and March of 2016 if he stays with the company. The values of the shares cashed in today run from $582.00 to $582.88 so the above price is a weighted average.
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So Mansfield is in no danger of exhausting his stock of shares. Recently, Apple appointed Mansfield as SVP of its Technologies group, during a restructuring that saw SVP Scott Forstall ousted and his responsibilities divvied up between other staff.
Mansfield had previously retired in June of this year, a move that took many by surprise. He stayed on in an advisement position and then was awarded the Technologies headship when the kerfluffle happened. Rumors had it that Mansfield’s combative relationship with Forstall had something to do with his leaving, and later, his return. Mansfield joined Apple when it bought out graphics chip manufacturer Raycer in 1999.