Apple's iTunes, iCloud, and Maps chief, Eddy Cue, let go of a portion of company stock last Friday, a new filing shows.
According to a filing with the U.S. Securities and Exchange Commission this afternoon, Cue sold off 15,000 shares last week, worth just under $584 apiece on average.
The total sale was worth just less than $8.76 million.
Cue waslast September, a month after Tim Cook took the helm as CEO. As part of the promotion Cue oversaw iTunes, iCloud, iAd, and Apple's iBookstore. With an executive shuffle in November, Cue was also given responsibility of Apple's Siri voice assistant product, as well as its homegrown mapping service as part of an "online services" group.
Before making too much out of last week's sale, consider that Cue was givenlast November, designed to keep him and others there for the long haul. The first bunch of those shares vests on September 21, 2014, reliant on Cue continuing to work at Apple.
Cue's sell-off comes a day after a sale of 35,000 shares by fellow Apple SVP Bob Mansfield, who pulled infrom the sale.
Apple - USE TAG
reading•Apple's Eddy Cue lets go of $8.76M in stock
Nov 19•Apple's Tim Cook says regulation of Silicon Valley is 'inevitable'
Nov 18•We took the iPhone XS and XR into 26 foot deep water. Only one survived
Nov 18•Black Friday 2018 iPhone deals: iPhone XR, XS for $150 off, free $400 iPhone X gift card
Nov 18•Costco Black Friday 2018 deals: $800 Surface Pro bundle, $250 iPad and more