Luca Maestri Apple's financial chief sells stock worth $16.9 million

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August 21, 2022

Luca Maestri Apple's financial chief sells stock worth $16.9 million

Apple's Chief Financial Officer Luca Maestri has sold shares worth $16.9 million as part of an arranged trading plan.

According to a filing with the US Securities and Exchange Commission (SEC), the transactions was executed in two tranches.

One transaction was for 66,390 shares, sold for $174.66 each, while the other was 30,345 shares fetching $175.60 apiece.

MacRumors reports that a total of 96,735 shares were sold by Maestri. "The transactions were made pursuant to a predetermined trading plan adopted by Maestri in November 2020, in accordance with insider trading laws", the report mentioned.

Maestri still holds around 110,000 shares of Apple stock following the sale, according to the US SEC filing. Maestri joined Apple in 2013 and reports directly to CEO Tim Cook.