Apple (AAPL) CFO Parekh receives RSU shares, some withheld for tax
Rhea-AI Filing Summary
Apple Inc. Senior Vice President and CFO Kevan Parekh reported routine equity compensation activity. On April 15, 2026, restricted stock units converted into a total of 10,928 shares of Apple common stock as scheduled vesting installments from prior RSU awards.
From these vested shares, 4,793 shares were withheld by Apple at $266.43 per share to satisfy tax withholding obligations, and the filing specifies that no shares were sold. After these transactions, Parekh directly held 14,900 shares of Apple common stock. The footnotes explain that the RSU awards, granted in September 2022 and October 2023, vest in 12.5% semi-annual installments through October 2026 and October 2027, respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,135 shares
Net Buy
4 txns
Insider
Parekh Kevan
Role
Senior Vice President, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 5,817 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 5,111 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,928 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,793 | $266.43 | $1.28M |
Holdings After Transaction:
Restricted Stock Unit — 21,147 shares (Direct);
Common Stock — 14,900 shares (Direct)
Footnotes (4)
- F1. Each restricted stock unit ("RSUs") represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of RSUs in shares of common stock on their scheduled vesting date.
- F2. Shares withheld by Apple to satisfy tax withholding requirements on vesting of restricted stock units. No shares were sold.
- F3. This award was granted on September 25, 2022. 12.5% of the award vested on April 15, 2023 and the remaining RSUs vest 12.5% in semi-annual installments over the four-year period ending October 15, 2026, subject to the terms and conditions of the underlying award agreement.
- F4. This award was granted on October 1, 2023. 12.5% of the award vested on April 15, 2024 and the remaining RSUs vest 12.5% in semi-annual installments over the four-year period ending October 15, 2027, subject to the terms and conditions of the underlying award agreement.
Key Figures
RSUs converted (award 1): 5,817 shares
RSUs converted (award 2): 5,111 shares
Total RSU-related shares vested: 10,928 shares
+5 more
8 metrics
RSUs converted (award 1)
5,817 shares
RSU settlement into common stock on April 15, 2026
RSUs converted (award 2)
5,111 shares
RSU settlement into common stock on April 15, 2026
Total RSU-related shares vested
10,928 shares
ExerciseShares in transaction summary
Shares withheld for taxes
4,793 shares
Tax withholding on RSU vesting
Tax withholding price
$266.43 per share
Price used for tax-withholding disposition
Shares held after transactions
14,900 shares
Direct Apple common stock ownership after April 15, 2026
Exercise transactions
2 exercises, 10,928 shares
Derivative exercises of RSUs into common stock
Tax withholding transactions
1 transaction, 4,793 shares
F-code disposition to satisfy tax obligations
Key Terms
Restricted Stock Unit, tax withholding requirements, vesting, semi-annual installments, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit ("RSUs") represents the right to receive, at settlement, one share of common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding requirements financial
"Shares withheld by Apple to satisfy tax withholding requirements on vesting of restricted stock units."
vesting financial
"This transaction represents the settlement of RSUs in shares of common stock on their scheduled vesting date."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
semi-annual installments financial
"the remaining RSUs vest 12.5% in semi-annual installments over the four-year period ending October 15, 2026"
derivative security financial
"transaction code description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Apple (AAPL) CFO Kevan Parekh report in this Form 4 filing?
Kevan Parekh reported routine equity compensation activity, where restricted stock units vested into 10,928 Apple common shares. A portion of these shares was withheld to cover taxes, and his direct holdings increased to 14,900 shares after the transactions.
What are the vesting schedules of Kevan Parekh’s Apple (AAPL) RSU awards mentioned here?
One RSU award granted September 25, 2022 vests 12.5% on April 15, 2023, then 12.5% in semi-annual installments through October 15, 2026. Another, granted October 1, 2023, follows the same 12.5% semi-annual pattern through October 15, 2027.