Borders Ben 4

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.