Parekh Kevan 4
4 · Apple Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Apple (AAPL) CFO Kevan Parekh Receives RSUs
What Happened
Kevan Parekh, Apple’s Senior Vice President and Chief Financial Officer, had restricted stock units (RSUs) settle on April 15, 2026. A total of 21,856 shares were converted into common stock across vested awards; 4,793 of those shares were withheld to satisfy tax withholding at $266.43 per share (withholding value $1,276,999). The remaining ~17,063 shares were delivered to Parekh. This was a vesting/settlement event, not an open‑market sale or purchase.
Key Details
- Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (appears timely).
- Vested/converted (derivative code M): 10,928 shares (acquired) and additional conversions of 5,817 and 5,111 shares (total 21,856).
- Tax withholding (code F): 4,793 shares withheld at $266.43/share = $1,276,999; no shares were sold on the open market to cover taxes.
- Net shares delivered to insider: ~17,063.
- Footnotes: RSUs represent the right to one share on settlement; the awards originated from grants on Sept 25, 2022 and Oct 1, 2023 with staggered semi‑annual vesting schedules (see F3/F4).
- Filing timeliness: Reported two days after vesting date (standard Form 4 window).
Context
The transactions reflect routine equity compensation vesting (conversion of RSUs to shares). Derivative code M here indicates conversion/settlement of RSUs; code F indicates shares withheld to cover tax obligations. These types of filings document compensation events rather than active buying or selling decisions in the market.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-15+10,928→ 19,693 total - Tax Payment
Common Stock
[F2]2026-04-15$266.43/sh−4,793$1,276,999→ 14,900 total - Exercise/Conversion
Restricted Stock Unit
[F1][F3]2026-04-15−5,817→ 5,816 total→ Common Stock (5,817 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F4]2026-04-15−5,111→ 15,331 total→ Common Stock (5,111 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSUs") represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of RSUs in shares of common stock on their scheduled vesting date.
- [F2]Shares withheld by Apple to satisfy tax withholding requirements on vesting of restricted stock units. No shares were sold.
- [F3]This award was granted on September 25, 2022. 12.5% of the award vested on April 15, 2023 and the remaining RSUs vest 12.5% in semi-annual installments over the four-year period ending October 15, 2026, subject to the terms and conditions of the underlying award agreement.
- [F4]This award was granted on October 1, 2023. 12.5% of the award vested on April 15, 2024 and the remaining RSUs vest 12.5% in semi-annual installments over the four-year period ending October 15, 2027, subject to the terms and conditions of the underlying award agreement.