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Apple SVP Dan Riccio Sells Off $10.7M in Stock, Donates 1000 Shares to Charity

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dan riccio

Apple’s senior vice president of Hardware Engineering, Dan Riccio has disposed of 20,726 shares of stock, according to SEC Form 4 filings. He sold off 19,726 shares worth a total of $10,713,452.33 dollars, at stock prices ranging from $526-$532 per share. Riccio also made a donation of 1000 shares to an unspecified charitable organization. At today’s stock price, that donation would be worth roughly $527,000.

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According to Apple’s leadership website, Riccio “leads the Mac, iPhone, iPad and iPod engineering teams which have delivered dozens of breakthrough products”. He is the hardware chief that has made a significant contribution with the development of the iPad. 

Earlier this month, Apple’s SVP and General Counsel Bruce Sewell sold off $3 million dollars worth of stock.

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