Apple (AAPL) SVP Jennifer Newstead Exercises RSUs, Sells Shares

What Happened

• Jennifer Newstead, Apple's SVP, General Counsel and Government Affairs, had 30,104 restricted stock units (RSUs) settle into shares on Sept 15, 2026. Of those shares, 16,228 were withheld to satisfy tax withholding obligations (tax withholding value ≈ $5,376,986 at $331.34), and 1,438 shares were sold in an open-market transaction at $330.19 for $474,813. The RSU settlement and associated withholding explain the conversions and dispositions reported.

Key Details

• Transaction date: 2026-09-15; filing date: 2026-09-17 (appears timely).
• Sales: 1,438 shares sold at $330.19 — proceeds $474,813 (open-market sale, code S).
• Withholding: 16,228 shares withheld at $331.34 — value ~$5,376,986 (tax withholding, code F; no shares sold to a third party).
• RSU settlement: 30,104 RSUs converted to shares (exercise/conversion, code M); derivative award also reported as disposed per filing format.
• 10b5-1 plan: The open-market sale was made pursuant to a Rule 10b5-1 trading plan adopted May 5, 2026 (footnote F1).
• Shares owned after transaction: not disclosed in the excerpt provided.
• Award details: the RSU award was granted Feb 15, 2026, with a multi-year vesting schedule through 2029 (see footnote F4).

Context

• This filing reflects an RSU vesting event with shares withheld for taxes and a small portion sold under a pre-established 10b5-1 plan. That pattern (vesting + withholding) is a routine executive compensation event rather than a fresh open-market purchase that would more directly signal insider bullishness. The codes used: M = exercise/conversion of derivative (RSU settlement), F = tax withholding, S = sale.