Apple's technologies chief sells off $20M in stock

Apple executive Bob Mansfield has let go of more than $20 million in company stock as part of a sale yesterday.

Apple's Bob Mansfield at a 2010 press conference.
Apple's Bob Mansfield at a 2010 press conference. Josh Lowensohn/CNET

Apple's technology chief Bob Mansfield has sold off another sizable chunk of his company stock.

According to a filing with the U.S. Securities and Exchange Commission this afternoon, Mansfield yesterday let go of 35,000 shares, worth just over $20.37 million.

Mansfield, who joined Apple when the company acquired Raycer Graphics in 1999, now has a little under 30,000 shares, a tally that does not include restricted stock units given out as bonuses.

A leaked company-wide e-mail from Cook last month noted that Mansfield would be staying on with Apple for another two years.

Mansfield, of course, is no stranger to selling off company stock. The executive cashed out more than $26 million worth of his options in the last year, including a sell-off of 99 percent of his shares , which raised some eyebrows at the time.

The executive, who now oversees Apple's semiconductor and wireless groups, announced plans to retire earlier this year. That decision was soon overturned as part of a change-up in Apple's top ranks that left him as an advisor to CEO Tim Cook on "future products." Two months later, Apple changed his role once again , putting him charge of its aforementioned technologies group.

About the author

Josh Lowensohn joined CNET in 2006 and now covers Apple. Before that, Josh wrote about everything from new Web start-ups, to remote-controlled robots that watch your house. Prior to joining CNET, Josh covered breaking video game news, as well as reviewing game software. His current console favorite is the Xbox 360.

 

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