Board Member Bob Iger Ups Apple Stake
The 142 Apple shares Bob Iger received as part of his appointment to the company’s board of directors evidently weren’t enough for the Disney CEO. Earlier this week he purchased an additional $1 million in Apple stock, according to a new securities filing.
According to a statement filed with the Securities Exchange Commission, Iger bought 2,670 shares of Apple on Tuesday. He broke the purchase into two separate transactions of 1,370 and 1,300 shares, paying an average of about $375 per share.
A nice gesture and one that demonstrates Iger’s confidence in the company’s direction. With 2812 shares in Apple (plus the 75 owned by his wife Willow Bay), Iger now has a bit more skin in the game and even more reason to work for the company’s continued success.