Apple CEO Tim Cook Buys 25,000 Nike Shares
Apple CEO Tim Cook purchased 25,000 Nike shares in a personal transaction, company disclosures show; timing and price were not specified.
Apple CEO Tim Cook purchased 25,000 shares of Nike Inc. in a personal transaction, according to a company disclosure filed under federal securities rules.
The disclosure did not include the trade date or the purchase price. The formal SEC filing will show the exact date and dollar amount when it is posted to public records.
Cook made the purchase in a private capacity; the transaction is separate from Apple as a corporation.
Nike is listed on the New York Stock Exchange under the ticker NKE and sells athletic footwear, apparel and equipment worldwide.
No statement from Cook accompanied the disclosure. Apple and Nike did not provide additional comment on the transaction.
Under U.S. securities rules, executives and certain insiders must report personal trades to the Securities and Exchange Commission to provide transparency and to comply with insider trading laws.
Further details, including the execution date and total value of the shares, will be available when the related filing appears in public regulatory databases.
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