Apple CEO Tim Cook at the close of trading Friday last week donated 5,715 shares directly to an undisclosed charity, raising more than $ 5 million.
Cook’s donation takes place on Friday, which is recorded by the US Securities and Exchange Commission and announced today. Since no shares are sold, the report prices for conversion are not applied.
If Cook’s reward were to transfer on Monday, it would be around $ 5.4 million, with AAPL ending the day at $ 503.43.
It is unclear where Cook’s stake will go, although the executive branch has contributed to human rights organizations in the past. Company leaders are required to disclose the movements of shares held but are not required to publicly report recipients of charitable transactions.
In 2014, Cook contributed “a large sum” to the human rights campaign of Project One America, a US group promoting gay rights in the South. That same year, he gave $ 291,791 to the Steel Valley School District in Pennsylvania, which he used to buy iPads for students and teachers.
Cook’s stock packs in 2015 and Cook in 2015 were changed to undisclosed donations, whose identities have not been revealed.
The Apple CEO now controls 8,337,374 shares of Apple that are owned by a utility, which is held in a special fund.