Apple CEO Tim Cook donated 10,715 shares of Apple stock he directly holds to a charity last week. As of the close of the US stock market on Friday, these stocks were worth more than $5 million.
According to information released by the US Securities and Exchange Commission (SEC) on Monday, Cook’s donation was completed on Friday. Since there is no sale involved, no price report is required for this stock transfer .
Apple’s stock price closed at $503.43 this Monday. At this price, the value of these stocks is approximately US$5.4 million.
It is not clear to which charity Cook’s shares were transferred. In the past, he has donated to many human rights organizations. Business leaders are obliged to disclose changes in their holdings, but do not need to publicly report recipients of charitable donations.
In 2014, Cook donated a large sum of money to the “One America” project organized by Human Rights Action. The organization promotes gay rights in the southern United States. In the same year, he donated $291791 to the Steel Valley School District in Pennsylvania, which was then used to purchase iPads for teachers and students.
Cook also donated Apple stocks to undisclosed charities twice in 2015 and 2018. At present, Cook actually owns 837374 shares of Apple stock, which are held by a private trust.
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