Form 4: Apple Principal Accounting Officer Executes RSU Vesting
Statement of Changes in Beneficial Ownership
Apple Inc. Principal Accounting Officer Ben Borders reported the vesting and settlement of restricted stock units and associated tax withholding.
Summary
- Ben Borders, Principal Accounting Officer at Apple Inc., acquired 1,717 shares of common stock through the vesting of restricted stock units (RSUs).
- A total of 892 shares were withheld by the company to satisfy tax obligations related to the vesting event.
- The transaction occurred on April 15, 2026, at a reference price of $266.43 per share for tax withholding purposes.
- Following these transactions, the reporting person holds 39,987 shares of Apple common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative event, as it reflects standard executive compensation rather than a strategic shift or market-driven trade.
Positives
- The transaction reflects standard equity compensation vesting for a key executive, indicating alignment with long-term incentive plans.
Negatives
- None identified; this is a routine administrative filing regarding executive compensation.
Risks
- None identified; the filing pertains to standard equity compensation.
Future Outlook
The filing outlines a multi-year vesting schedule for existing RSU awards extending through October 2029, indicating ongoing equity-based compensation for the executive.
Management Comments
- The transactions represent the settlement of RSUs in shares of common stock on their scheduled vesting date.
Industry Context
StockSavvy.ai notes that this is a routine disclosure of executive equity compensation, which is standard practice for large-cap technology firms like Apple to ensure transparency in insider ownership.
Comparison to Industry Standards
- The use of RSU vesting and tax withholding is consistent with standard executive compensation practices at major S&P 500 companies.
- The reporting timeline complies with SEC Section 16(a) requirements for timely disclosure of insider transactions.
Stakeholder Impact
- No material impact on shareholders, employees, or creditors as this is a routine compensation event.
Next Steps
- Future vesting of remaining RSU awards scheduled through October 2029.
Key Dates
| Date | Description |
|---|---|
| 2022-09-25 | Grant date of initial RSU award. |
| 2023-10-01 | Grant date of second RSU award. |
| 2024-09-29 | Grant date of third RSU award. |
| 2025-08-01 | Start of ESPP purchase period. |
| 2025-09-28 | Grant date of fourth RSU award. |
| 2026-01-30 | ESPP purchase date. |
| 2026-04-15 | Transaction date for RSU vesting and tax withholding. |
| 2026-04-17 | Filing date of the Form 4. |
Keywords
Apple, AAPL, Form 4, Insider Trading, Equity Compensation, Restricted Stock Units, Executive Compensation
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