O'BRIEN DEIRDRE 4
Research Summary
AI-generated summary
Apple SVP Deirdre O'Brien Exercises RSUs and Sells Shares
What Happened
Deirdre O'Brien, Senior Vice President at Apple (AAPL), had 64,317 restricted stock units (RSUs vest) settled into shares on April 1, 2026, and those shares were disposed: 34,315 shares were withheld to satisfy tax withholding and 30,002 shares were sold in open-market trades. Reported proceeds from the withheld shares and market sales total about $16.43 million.
Key Details
- Vesting/Conversion (M): 64,317 RSUs converted to shares on 2026-04-01 (comprised of 22,688; 22,159; and 19,470-share vestings per award footnotes).
- Tax withholding (F): 34,315 shares withheld at $255.63 for $8,771,943 to cover taxes on vesting.
- Open-market sales (S, executed under a Rule 10b5-1 plan per F4):
- 20,338 shares sold on 2026-04-02 at a weighted avg $255.12 for $5,188,631 (prices ranged $254.505–$255.485; F5).
- 9,664 shares sold on 2026-04-02 at a weighted avg $255.82 for $2,472,244 (prices ranged $255.51–$256.095; F6).
- Total shares disposed: 64,317 (34,315 withheld + 30,002 sold); total reported proceeds ≈ $16,432,818.
- Shares owned after these transactions: not stated in the provided filing excerpt.
- Filing was submitted April 3, 2026 for transactions occurring April 1–2, 2026 (no late filing indicated).
Context
These were RSU vesting events (awards granted in 2021–2023 per footnotes) followed by routine tax-withholding and prearranged Open Market sales under a 10b5-1 plan. Vesting and tax-withholding are typical administrative events; the open-market sales were pre-planned rather than ad hoc purchases or sales reflecting a new investment view.