The options Gore used were awarded to as part of directors’ compensation. They have been exercisable since March 2009 and weren’t set to expire until this March. About a year ago, in February 2018, Gore also exercised options to acquire 35,000 shares.
A spokesman for Gore declined to comment on the options exercise.
Gore last sold Apple stock in February 2017. SEC records show Gore sold 215,437 Apple shares for $29.5 million, or $136.72 each, on Feb. 22, 2017. Of note, three weeks earlier, on Feb. 2, 2017, Gore exercised options for 70,000 Apple shares and sold them the same day for $9 million, or an average of $128.35 each.
Gore, along with the seven other Apple directors, is up for reelection at the company’s March 1 shareholders meeting. He is the second-least popular Apple director, judging by the number of votes against his directorship last year.