An Apple CEO-in-Waiting Sells 95% of his Company Shares
Scott Forstall took home a chunk of change Friday.
Taking advantage of Apple’s relatively high (but not record) share price, the company’s senior vice president for iOS software — someone often mentioned as possible successor to Steve Jobs and Tim Cook — sold 64,151 shares at prices ranging from $601 to $605 to clear $38.7 million in one day.
The shares were the remains of a 120,000-share retention bonus that was granted in 2008, vested last month and reduced by 55,849 shares on March 24 to pay taxes. Forstall still holds 2,988