Mouse House CEO Robert Iger ponied about a million dollars for shares of Apple this week in a gesture of good faith after being named to the company’s board of directors last month.
He acquired 2,670 shares on the open market at approximately $375 apiece for just over $1 million, according to a filing with the Securities and Exchange Commission Thursday.
Iger’s expenditure on Apple shares is only a fraction of his most recent annual pay package of about $30 million for running Disney. Iger had also received 142 restricted stock units that vest in February when he was appointed to the board after Genentech topper Art Levinson became Apple’s new chairman following the death of co-founder Steve Jobs.
Iger and Jobs became close when the Disney chief spearheaded the deal to acquire Pixar. Jobs became a Disney board member and large individual shareholder.
The filing also noted that Iger’s wife, Willow Bay, owned 75 shares of Apple stock prior to his joining the company’s board.