Apple SVP Sells Over $440,000 Worth of Stock Amid Earnings Success

Apple (NASDAQ:AAPL) senior vice president Jennifer Newstead sold 1,439 shares of the company's stock on August 11th. The sale was for a total of $442,852.25 at an average price of $307.75 per share.

Newstead directly owned 40,107 shares in Apple after the transaction, which valued her holdings at $12,342,929.25. This represents a 3.46% decrease in her ownership of the stock.

The sale was disclosed to the SEC and can be accessed through their website. The company's most recent earnings report showed that it had beaten analysts' estimates with a quarterly revenue increase of 16.4%. Apple also recently announced a quarterly dividend, which will be paid on August 13th to shareholders who record ownership by August 10th.