Schiller Profits $2.3 Million on Apple Stock Surge

Appleis Senior Vice President of Worldwide Product Marketing profited more than US$2.3 million as he cashed in on stock options February 4, according to calculations by The Mac Observer from ownership statements filed with the US Securities and Exchange Commission.

Phil Schiller sold over 75,000 shares in the stock, which he purchased at $47.43 per share. All the shares were sold for between $78.18 and $78.46 a share.

In total, Mr. Schiller profited $2,313,828.30.

Five other Apple execs sold shares in recent weeks, as first reported by The Mac Observer on January 28. The transactions totaled in excess of $65.5 million.

Apple (AAPL) stock hit a new all-time high Tuesday of $80.90.