Disney CEO Iger buys $1 million worth of Apple stock
Iger, who was appointed to Apple's board on November 15, bought 2,670 Apple shares on the open market on Tuesday at an average price of $375 each, according to a U.S. Securities and Exchange Commission filing.
Iger's wife also owns 75 Apple shares, the filing said.
As part of being a director of Apple, the long-time Disney executive also is entitled to the standard $50,000 annual retainer and received an initial grant of 142 restricted Apple stock units that will vest in February.
(Reporting by Poornima Gupta; Editing by Lisa Von Ahn)
Posted by Jason Lomberg, Technical Editor