Apple executives have cashed in on their share options to the tune of $20.8 million.
According to CBS MarketWatch, Apple senior vice presidents Avie Tevanian and Jon Rubinstein cashed out a chunk of options last week. Tevanian sold 350,000 shares for $11.2 million, while Rubinstein sold 300,000 shares for $9.6 million.
The report adds that in April, Rubinstein sold a total of 700,000 shares for $19.4 million.
This brings the total shares sold this year by Apple executives to 5.4 million shares – cashed in for the sum of $154 million, according to Thomson Financial.