Eddy Cue, Apple's iCloud and music chief at Apple's iPhone 5 event earlier this year.
(Credit:
James Martin/CNET)
Apple's
iTunes, iCloud and Maps chief Eddy Cue let go of a portion of company stock last Friday, a new filing shows.
According to a filing with the U.S. Securities and Exchange Commission this afternoon, last week Cue sold off 15,000 shares, worth just under $584 on average.
The total sale was worth just under $8.76 million.
Cue was promoted to senior vice president last September, a month after Tim Cook took the helm as CEO. As part of the promotion Cue oversaw iTunes, iCloud, iAd, and Apple's iBookstore. With an executive shuffle in November, Cue was also given responsibility of Apple's Siri voice assistant product, as well as its homegrown mapping service as part of an "online services" group.
Before making too much out of last week's sale, Cue was given a hearty bonus of 100,000 restricted stock units last November, designed to keep him and others there for the long haul. The first bunch of those shares vest on September 21, 2014, reliant on Cue continuing to work at Apple.
Cue's sell off comes a day after a sale of 35,000 shares by fellow Apple SVP Bob Mansfield, who pulled in around $20 million from the sale.
Apple's Eddy Cue lets go of $8.76M in stock
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Apple's Eddy Cue lets go of $8.76M in stock
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Apple's Eddy Cue lets go of $8.76M in stock
