Newstead Jennifer 4
4 · Apple Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Apple (AAPL) SVP Jennifer Newstead Receives RSU Shares
What Happened Jennifer Newstead, Senior Vice President, General Counsel and Secretary of Apple, had 60,208 restricted stock units (RSUs) settle on March 15, 2026. Apple withheld 32,528 of those shares to satisfy tax withholding obligations, valued at $250.12 per share for a withholding value of $8,135,903. Net shares issued to Newstead were 27,680. This was a vesting/award settlement (routine) rather than an open-market purchase or sale.
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely, within the normal 2‑business‑day window).
- Shares received (RSU settlement): 60,208 (acquired); shares withheld for taxes: 32,528 disposed at $250.12/share = $8,135,903.
- Net shares retained by insider after withholding: 27,680.
- Footnotes: RSUs represent the right to one share on settlement; withholding was done by Apple to meet tax obligations (no open‑market sale). Award granted Feb 15, 2026; vesting schedule: 20% vested Mar 15, 2026, then staged vesting through Mar 15, 2029 per the agreement.
- Filing timeliness: Report appears timely (filed two days after the vesting date).
Context This was an RSU vesting and company tax‑withholding event — a routine administrative transaction that does not reflect an open‑market sale or purchase by the insider. The filing includes derivative/settlement codes indicating conversion of RSUs into shares and the company withholding shares to cover taxes (not a disposition to a third party).
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-15+60,208→ 60,208 total - Tax Payment
Common Stock
[F2]2026-03-15$250.12/sh−32,528$8,135,903→ 27,680 total - Exercise/Conversion
Restricted Stock Unit
[F1][F3]2026-03-15−60,208→ 240,832 total→ Common Stock (60,208 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") 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 RSUs. No shares were sold.
- [F3]This award was granted on February 15, 2026. 20% of the total number of RSUs subject to the award vested on March 15, 2026. 10% of the total number of RSUs subject to the award are scheduled to vest on each of June 15, September 15 and December 15, 2026; 8.75% of the total number of RSUs subject to the award are scheduled to vest on each of March 15, June 15, September 15 and December 15, 2027; 2.5% of the total number of RSUs subject to the award are scheduled to vest on each of March 15, June 15, September 15 and December 15, 2028; and 1.25% of the total number of RSUs subject to the award are scheduled to vest on each of March 15, June 15, September 15 and December 15, 2029, subject to the terms and conditions of the underlying award agreement.