Fred Anderson, Apple’s chief financial officer and vice president, has announced an intention to sell 100,000 shares of the company’s common stock.
Anderson gave notice of his decision through a Form 144 filed with the Securities and Exchange Commission, Thursday.
A Form 144 indicates an intention to sell restricted stock – but it isn’t a commitment to do so.
April 23 was set as the date for the sale of the shares that Anderson has valued at $2.5 million. Charles Schwab & Co is listed as the broker for the sales.
Apple’s shares closed trading last night on Nasdaq at $24.12. The company reported that its financial results for the fiscal second-quarter had held steady from a year ago.