Newstead Jennifer 4

What Happened Jennifer Newstead, Senior Vice President, General Counsel and Secretary of Apple, had 60,208 restricted stock units (RSUs) settle on March 15, 2026. Apple withheld 32,528 of those shares to satisfy tax withholding obligations, valued at $250.12 per share for a withholding value of $8,135,903. Net shares issued to Newstead were 27,680. This was a vesting/award settlement (routine) rather than an open-market purchase or sale.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely, within the normal 2‑business‑day window).
• Shares received (RSU settlement): 60,208 (acquired); shares withheld for taxes: 32,528 disposed at $250.12/share = $8,135,903.
• Net shares retained by insider after withholding: 27,680.
• Footnotes: RSUs represent the right to one share on settlement; withholding was done by Apple to meet tax obligations (no open‑market sale). Award granted Feb 15, 2026; vesting schedule: 20% vested Mar 15, 2026, then staged vesting through Mar 15, 2029 per the agreement.
• Filing timeliness: Report appears timely (filed two days after the vesting date).

Context This was an RSU vesting and company tax‑withholding event — a routine administrative transaction that does not reflect an open‑market sale or purchase by the insider. The filing includes derivative/settlement codes indicating conversion of RSUs into shares and the company withholding shares to cover taxes (not a disposition to a third party).