Form 4: Apple Officer Chris Kondo's RSU Vesting & Tax Withholding
Insider Transaction Report
Apple's Principal Accounting Officer, Chris Kondo, reported the vesting of restricted stock units and subsequent tax-related share withholding on October 15, 2025.
Summary
- Chris Kondo, Apple's Principal Accounting Officer, reported changes in beneficial ownership.
- On October 15, 2025, 7,371 shares of common stock were acquired due to the settlement of restricted stock units (RSUs).
- Concurrently, 3,619 shares were disposed of at a price of $249.34 to satisfy tax withholding obligations related to the RSU vesting.
- No shares were sold by Mr. Kondo; the disposition was solely for tax purposes.
- Following these transactions, Mr. Kondo directly beneficially owns 18,850 shares of Apple common stock.
- Several RSU awards vested, with remaining unvested units detailed for future periods, including 4,155 units from a 2022 award, 7,593 units from a 2023 award, and 8,890 units from a 2024 award.
Sentiment
Score: 6
Explanation: The filing is neutral to slightly positive, reflecting routine executive compensation events. The vesting of RSUs is a positive for the executive, but the tax withholding is a standard, neutral event. No new strategic or financial information is disclosed.
Positives
- Vesting of restricted stock units indicates continued long-term incentive alignment between management and shareholders.
- The acquisition of 7,371 shares through RSU settlement increases Mr. Kondo's direct ownership in the company.
Negatives
- A portion of shares (3,619) was withheld to cover tax obligations, reducing the net shares received from the vesting event.
Future Outlook
The filing details future vesting schedules for several RSU awards, indicating that additional shares will vest semi-annually until October 15, 2026, October 15, 2027, and October 15, 2028, subject to the terms of the underlying award agreements.
Industry Context
This is a routine insider transaction disclosure. It reflects standard executive compensation practices involving restricted stock units, common across the technology and broader public company landscape. It does not provide insights into broader industry trends or competitive positioning.
Comparison to Industry Standards
- This is a standard Form 4 filing for RSU vesting and tax withholding, which is a common practice for executive compensation in publicly traded companies, including peers like Microsoft (MSFT) or Alphabet (GOOGL). The specific number of shares and value are particular to Mr. Kondo's compensation package at Apple.
Stakeholder Impact
- Shareholders: No direct impact on company operations or financial performance. It provides transparency into executive compensation and ownership.
- Employees: Reflects standard executive compensation practices, which may influence broader employee incentive structures.
Next Steps
- Remaining restricted stock units from the September 25, 2022 award will continue to vest semi-annually until October 15, 2026.
- Remaining restricted stock units from the October 1, 2023 award will continue to vest semi-annually until October 15, 2027.
- Remaining restricted stock units from the September 29, 2024 award will continue to vest semi-annually until October 15, 2028.
Key Dates
| Date | Description |
|---|---|
| 2021-09-26 | Grant date for a Restricted Stock Unit award, with 12.5% vesting on April 15, 2022, and remaining vesting semi-annually until October 15, 2025. |
| 2022-04-15 | First vesting date for the RSU award granted on September 26, 2021. |
| 2022-09-25 | Grant date for a Restricted Stock Unit award, with 12.5% vesting on April 15, 2023, and remaining vesting semi-annually until October 15, 2026. |
| 2023-04-15 | First vesting date for the RSU award granted on September 25, 2022. |
| 2023-10-01 | Grant date for a Restricted Stock Unit award, with 12.5% vesting on April 15, 2024, and remaining vesting semi-annually until October 15, 2027. |
| 2024-04-15 | First vesting date for the RSU award granted on October 1, 2023. |
| 2024-09-29 | Grant date for a Restricted Stock Unit award, with 12.5% vesting on April 15, 2025, and remaining vesting semi-annually until October 15, 2028. |
| 2025-04-15 | First vesting date for the RSU award granted on September 29, 2024. |
| 2025-10-15 | Transaction date for the reported RSU vesting and tax withholding; also the final vesting date for the RSU award granted on September 26, 2021. |
| 2025-10-17 | Signature date of the reporting person's attorney-in-fact. |
| 2026-10-15 | Expected final vesting date for the RSU award granted on September 25, 2022. |
| 2027-10-15 | Expected final vesting date for the RSU award granted on October 1, 2023. |
| 2028-10-15 | Expected final vesting date for the RSU award granted on September 29, 2024. |
Recommendation
holdThis Form 4 filing details routine insider transactions related to executive compensation (RSU vesting and tax withholding). It does not contain any new material information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The transactions are expected and do not indicate any significant positive or negative shifts for the company's stock price.
Keywords
Apple Inc., AAPL, Chris Kondo, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Beneficial Ownership, Principal Accounting Officer
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