Apple Inc: CEO John Ternus received 99,878 shares

What happened

• John Ternus, Apple Inc's chief executive officer and director, had 99,878 restricted stock units (RSUs) subject to performance requirements vest on Oct 1, 2026 and settle into shares.
• The filing shows 49,054 shares were withheld to satisfy tax withholding at $330.32 for $16,203,517, and 25,412 shares were sold in multiple open market transactions on Oct 2, 2026 for total proceeds of $8,460,740 (individual sales: 3,564 shares at $331.38 for $1,181,038; 5,348 shares at $332.26 for $1,776,926; 12,746 shares at $333.34 for $4,248,752; 3,754 shares at $334.05 for $1,254,024).

Key details

• Transaction dates and prices: Oct 1, 2026 (RSU settlement; 49,054 shares withheld at $330.32); Oct 2, 2026 (open market sales at weighted average prices of $331.38, $332.26, $333.34, $334.05; see footnotes for trade price ranges).
• Shares resulting from this vesting remaining after the transactions: 25,412 shares (99,878 settled − 49,054 withheld − 25,412 sold = 25,412). The filing states these shares are held through Mr. Ternus' trust (F2).
• Footnotes of note: the RSUs were performance-based (granted Oct 1, 2023 for a target of 58,408 RSUs and settled Oct 1, 2026 based on Apple’s relative total shareholder return; Apple’s TSR for the period was 90.67% and placed Apple in the 76.20th percentile, resulting in 99,878 RSUs vesting) (F9, F10, F11, F12). The open market sales were made pursuant to a Rule 10b5-1 trading plan adopted May 21, 2026 (F4). Several footnotes report that the sales were executed in multiple trades at specified price ranges and that the reported prices are weighted averages (F5–F8). Shares withheld by Apple satisfied tax withholding requirements on vesting of RSUs (F3).
• Filing date and report period: Form 4 filed Oct 5, 2026 reporting transactions with a period of report of Oct 1, 2026.

Why it may matter

• This filing reports settlement of performance-based RSUs, withholding of shares for tax obligations, and subsequent open market sales of some of the settled shares.
• The filing shows use of a Rule 10b5-1 trading plan for the sales and discloses the performance-based vesting outcome and the calculation inputs in footnotes.
• The filing does not show why the insider traded or why the company acted.