Apple CEO Tim Cook has always been a staunch defender of LGBT rights, participating in many talks, presentations and exhibitions. In addition, throughout his career at Apple he has donated to different associations such as the Robert F. Kennedy Center for Justice and Human Rights. The current CEO's commitment continues and we know that he has donated close to 24.000 shares for a value of 5 million to charities. At the moment, we do not know what these associations are or what relationship they have had or may have with Tim Cook. With this transaction Tim Cook owns more than 850.000 shares of the Big Apple.
$ 5 million shares donated by Tim Cook
Apple is committed not only to charitable associations but also to eventual events that occur around the world: earthquakes, tsunamis, fires ... In the case of the fires that are occurring in the Amazon, the executives of the Big Apple confirmed that they were going to donate resources to fight fires that plague that region of South America. However, experts say that these two movements of resources by Apple are not connected.
The Securities and Exchange Commission has confirmed the transaction made by Apple's CEO. It is a transfer of 23.700 shares of its general count of 878.549 shares. With this transaction, Tim is left with 854.849 shares worth tens of millions of dollars. The appraisal of the transferred shares amounts to almost 5 million dollars, taking into account that the current price per share is $ 208.7.
According to sources from the SEC (Securities and Exchange Commission of the United States), this movement by Tim Cook is aimed at charitable associations, like the Robert F. Kennedy Center, which has already received other donations from the current CEO of the Big Apple. It seems that this donation movement is happening year after year since last year in August about 5 million dollars were also donated to a charity whose name and description are unknown.