Chief executive Officer of Apple, Timothy Donald Cook has received over five million shares in the technology giant.

The company’s CEO received the shares as he marks ten years in the job.

A company filing with the US Securities and Exchange Commission (SEC), watchdog revealed that he sold most of the shares for more than $750m (£550m), being part of a deal he struck when taking over from co-founder Steve Jobs.

Apple’s filing with the SEC shows that Cook was eligible for the award as the company’s shares has risen by 191.83% over the last three years, noting also that Apple’s share price increased 1,200% since he became chief executive on 24 August 2011.

Apple who is behind products like; iPhone, iPad and MacBook now has a market valuation of almost $2.5tn.


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