According to somewhat of a Securities and Exchange Commission (SEC) filing having popped up on Apple's Websites, the executive sold off over 64,000 company shares, netting him about $38.7 million. The sale cute Nexus 4 case mortally wounded 95 percent of his Apple stock, leaving him only 2,988 shares. But that is not so bad: even at today's $584.40 share price, the holdings count over $1.7 million.
Although a key sell-off can often mean a professional is leaving a business, that would not be true with Forstall. As Fortune, that has first to set of the news, indicates, Forstall still has 100,000 restricted stock units granted this coming year which should be fully vested in 2014. Numbers, Apple given over 150,000 restricted stock units, with half of them vesting in 2013 and also other half in 2016. This means, if Forstall wants a cash windfall, staying on Apple is nexus 4 case bumper actually a proper picture.
Forstall is seen as a graduate of Stanford and played the key role in developing core technologies at Steve Jobs' startup Next. After joining Apple in 1997, Forstall handled the building ofMac OS X before jumping to iOS. Within the last couple of years, you can also find rumors that Forstall might eventually be Apple CEO.
Related storiesWatch out, Tim Cook: Apple VP Scott Forstall is eyeing your jobApple promotes two iPhone, Mac executivesA look at Tim Cook, the person replacing Steve JobsCNET's overview of Apple's iPhone 4SBack in January, Adam Lashinsky, author of "Inside Apple: How America's Most Admired -- and Secretive -- Company Really Works," revealed via an interview with Fortune that Forstall renders it abundantly clear inside Cupertino he only desire to eventually be Apple's leader, adding that "he wears his ambition in plainer view versus the typical Apple executive."
If you do, it appears Forstall will be an abundant individual.
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