Borders Ben 4
4 · Apple Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Apple (AAPL) Ben Borders Receives RSUs; Tax Withholding
What Happened Ben Borders, Apple’s Principal Accounting Officer, had restricted stock units (RSUs) settle on April 15, 2026. A total of 1,717 RSUs converted into shares; Apple withheld 892 of those shares to satisfy tax withholding obligations at $266.43/share (total value withheld $237,656), leaving a net issuance of approximately 825 shares to Borders. The transactions reported are settlements of RSU awards (not open-market sales).
Key Details
- Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (timely — within required reporting window).
- Shares settled: 1,717 RSUs converted to common stock.
- Tax withholding: 892 shares withheld at $266.43/share = $237,656 (reported as a disposition under code F).
- Net shares issued to insider: ~825 shares (1,717 - 892).
- Footnotes: F1 confirms RSUs settle 1:1 for common stock; F3 clarifies shares were withheld to satisfy taxes (no open-market sale); F4–F7 describe grant dates and vesting schedules for the underlying awards. F2 notes an earlier ESPP purchase of 32 shares (acquired Jan 30, 2026).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Transaction codes: M = exercise/conversion of derivative (used here for RSU settlement); F = payment/tax withholding.
Context This filing documents routine equity compensation vesting rather than a directional buy or sell by the insider. Withholding shares to cover taxes is a common settlement mechanism and does not indicate an open-market sale. For retail investors, such entries mostly reflect compensation vesting schedules and do not by themselves signal insider confidence or concern.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-04-15+1,717→ 40,879 total - Tax Payment
Common Stock
[F3]2026-04-15$266.43/sh−892$237,656→ 39,987 total - Exercise/Conversion
Restricted Stock Unit
[F1][F4]2026-04-15−540→ 540 total→ Common Stock (540 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F5]2026-04-15−475→ 1,423 total→ Common Stock (475 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F6]2026-04-15−371→ 1,852 total→ Common Stock (371 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F7]2026-04-15−331→ 2,312 total→ Common Stock (331 underlying)
Footnotes (7)
- [F1]Each restricted stock unit ("RSU") 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]The number of securities reported reflects the acquisition on January 30, 2026 of 32 shares of Apple Inc.'s common stock pursuant to the Apple Inc. Employee Stock Purchase Plan ("ESPP") for the ESPP purchase period of August 1, 2025 through January 30, 2026.
- [F3]Shares withheld by Apple to satisfy tax withholding requirements on vesting of RSUs. No shares were sold.
- [F4]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.
- [F5]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.
- [F6]This award was granted September 29, 2024. 12.5% of the award vested on April 15, 2025 and the remaining RSUs vest 12.5% in semi-annual installments over the four-year period ending October 15, 2028, subject to the terms and conditions of the underlying award agreement.
- [F7]This award was granted September 28, 2025. 12.5% of the award vested on April 15, 2026 and the remaining RSUs vest 12.5% in semi-annual installments over the four-year period ending October 15, 2029, subject to the terms and conditions of the underlying award agreement.