Borders Ben 4
4 · Apple Inc. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Apple (AAPL) Principal Accounting Officer Ben Borders Sells Shares
What Happened
Ben Borders, Apple’s Principal Accounting Officer, had 240 restricted stock units (RSUs) settle on June 15, 2026. Of those, 124 shares were withheld to cover taxes at $296.42 per share (value $36,756) and 116 shares were sold in an open-market transaction on June 16, 2026 at $295.14 per share for proceeds of $34,236. The transactions reflect RSU vesting and routine tax withholding and sale, not a cash purchase.
Key Details
- Transaction dates and prices:
- 2026-06-15: RSU settlement/exercise (240 shares) — conversion of RSUs into shares.
- 2026-06-15: 124 shares withheld for tax withholding at $296.42 each (value $36,756).
- 2026-06-16: 116 shares sold in open market at $295.14 each (proceeds $34,236).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes:
- RSUs convert to one share per unit on settlement (footnote: RSU settlement).
- Withholding of 124 shares satisfied tax withholding obligations.
- The June 16 sale was executed under a pre-established Rule 10b5-1 trading plan adopted Feb 6, 2026.
- The RSU award was granted Dec 15, 2025 and vests semi‑annually through Dec 15, 2029.
- Filing timeliness: Report filed June 17, 2026 — appears timely (within the Form 4 reporting window).
Context
RSU settlements convert deferred equity into actual shares; companies commonly withhold a portion of vested shares to cover taxes and either deliver the net shares or allow the insider to sell a portion to cover taxes. The open-market sale here was carried out under a 10b5-1 plan (pre-arranged), which means the sale was preplanned and not necessarily a new signal of insider sentiment. This was a disposition of vested awards rather than a purchase, so it does not by itself indicate a bullish insider bet.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-15+240→ 38,953 total - Tax Payment
Common Stock
[F2]2026-06-15$296.42/sh−124$36,756→ 38,829 total - Sale
Common Stock
[F3]2026-06-16$295.14/sh−116$34,236→ 38,713 total - Exercise/Conversion
Restricted Stock Unit
[F1][F4]2026-06-15−240→ 1,676 total→ Common Stock (240 underlying)
Footnotes (4)
- [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]Shares withheld by Apple to satisfy tax withholding requirements on vesting of RSUs.
- [F3]This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 6, 2026.
- [F4]This restricted stock unit award was granted December 15, 2025, and vests in equal installments on a semi-annual basis over a four year period ending December 15, 2029, subject to the terms and conditions of the underlying award agreement.