Tim Cook just cashed in $28 million more in Apple stock

Apple CEO Tim Cook Sells $36 Million in Stock

Apple CEO Tim Cook is cashing in.

Cook collected about $28.7 million after selling 269,883 shares in Apple, according to a SEC filing on Wednesday. The shares are a fraction of the 1,260,000 shares that he unlocked last week because he reached tenure of five years as CEO of Apple.

Last week he sold $36 million of his stock — meaning that he has liquidated about $65 million in total over the past few days.

Cook still has about 3.5 million shares in Apple that are set to vest over the next five years and he still holds over 1 million shares in Apple worth about $110 million.

In the five years since Cook has been leading Apple, the company's revenue and profit has doubled. Cook has also been instrumental in navigating thorny policy issues, such as the company's fight with the FBI over encryption or the EU's recent decision to force Ireland to collect billions in taxes from Apple.

But some analysts wonder if the Cook is the right leader considering that sales are falling on an annual basis for the last two quarters and there's no new hit product category in sight.

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SAN FRANCISCO, CA - MARCH 9: Apple CEO Tim Cook gestures on stage during an Apple special event at the Yerba Buena Center for the Arts on March 9, 2015 in San Francisco, California. Apple Inc. announced the new MacBook as well as more details on the much anticipated Apple Watch, the tech giant's entry into the rapidly growing wearable technology segment as well (Photo by Stephen Lam/Getty Images)
SAN FRANCISCO, CA - MARCH 9: Apple CEO Tim Cook stands in front of an MacBook on display after an Apple special event at the Yerba Buena Center for the Arts on March 9, 2015 in San Francisco, California. Apple Inc. announced the new MacBook as well as more details on the much anticipated Apple Watch, the tech giant's entry into the rapidly growing wearable technology segment as well (Photo by Stephen Lam/Getty Images)
SAN FRANCISCO, CA - MARCH 9: Apple CEO Tim Cook waves from stage after an Apple special event at the Yerba Buena Center for the Arts on March 9, 2015 in San Francisco, California. Apple Inc. announced the new MacBook as well as more details on the much anticipated Apple Watch, the tech giant's entry into the rapidly growing wearable technology segment as well (Photo by Stephen Lam/Getty Images)
Tim Cook, chief executive officer of Apple Inc., right, waves to customers while leaving the sales launch for the iPhone 6 and iPhone 6 Plus at the Apple Inc. store in Palo Alto, California, U.S., on Friday, Sept. 19, 2014. Apple Inc.'s stores attracted long lines of shoppers for the debut of the latest iPhones, indicating healthy demand for the bigger-screen smartphones. The larger iPhone 6 Plus is already selling out at some stores across the U.S. Photographer: David Paul Morris/Bloomberg via Getty Images
Tim Cook, chief executive officer of Apple Inc., left, and the band U2 gesture during a product announcement at Flint Center in Cupertino, California, U.S., on Tuesday, Sept. 9, 2014. Apple Inc. unveiled redesigned iPhones with bigger screens, overhauling its top-selling product in an event that gives the clearest sign yet of the company's product direction under Cook. Photographer: David Paul Morris/Bloomberg via Getty Images
CUPERTINO, CA - OCTOBER 16: Apple CEO Tim Cook speaks during an Apple special event on October 16, 2014 in Cupertino, California. Apple unveiled the new iPad Air 2 tablet, iPad Mini 3 and a Retina iMac. (Photo by Justin Sullivan/Getty Images)
SAN FRANCISCO, CA - JUNE 02: Apple CEO Tim Cook walks off stage after speaking during the Apple Worldwide Developers Conference at the Moscone West center on June 2, 2014 in San Francisco, California. Tim Cook kicked off the annual WWDC which is typically a showcase for upcoming updates to Apple hardware and software. The conference runs through June 6. (Photo by Justin Sullivan/Getty Images)
BEIJING, CHINA - JANUARY 17: (CHINA OUT) Tim Cook, Chief Executive Officer of Apple Inc., visits a China Mobile shop to celebrate the launch of iPhone 5S and iPhone 5C on China Mobile's fourth generation (4G) network on January 17, 2014 in Beijing, China. Apple Inc. and China Mobile Limited, the world's largest carrier with over 760 million subscribers, signed a deal on December 23, 2013 after six years of negotiations. (Photo by ChinaFotoPress/ChinaFotoPress via Getty Images)
Tim Cook, chief executive officer of Apple Inc., displays the iPad Air for a photograph during a press event at the Yerba Buena Center in San Francisco, California, U.S., on Tuesday, Oct. 22, 2013. Apple Inc. introduced new iPads in time for holiday shoppers, as it battles to stay ahead of rivals in the increasingly crowded market for tablet computers. Photographer: Noah Berger/Bloomberg via Getty Images
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