Apple (AAPL) SVP Jennifer Newstead Receives 95,290 RSUs

What Happened

• Jennifer Newstead, Senior Vice President, General Counsel & Government Affairs at Apple, was granted two RSU awards on 2026-09-27: 47,645 RSUs + 47,645 RSUs, for a total of 95,290 RSUs. Each RSU represents the right to receive one share at settlement; the awards were granted (transaction code A) at $0.00 (no cash purchase).

Key Details

• Transaction date: 2026-09-27; Form 4 filed: 2026-09-29 (timely).
• Awards: 47,645 RSUs (time-based) and 47,645 RSUs (performance-based), total 95,290 RSUs; reported price $0.00 as these are grants.
• Shares owned after transaction: not provided in the supplied excerpt.
• Footnotes: F1 = 1 RSU = 1 share at settlement. F2 = time-based RSUs vest 12.5% on Apr 15, 2027, then 12.5% semi-annually over four years ending Oct 15, 2030. F3 = performance RSUs vest on Oct 1, 2029; target units reported and actual vesting may be 0–200% based on Apple’s relative total shareholder return for FY2027–FY2029.
• No 10b5-1 plan, tax-withholding or sale noted in the provided data.

Context

• These are awards, not open-market purchases or sales, so they reflect compensation rather than an immediate buy/sell decision. Time-based RSUs vest over multiple dates; performance RSUs depend on Apple’s relative TSR and may pay out more or fewer shares than the target. Upon vesting/settlement, RSUs typically convert into shares (or equivalent cash), which could then be sold or held.