“Forstall is serving as an advisor to Cook until he leaves the company “next year”—no date specified,” Thomas reports. “In November 2011, Forstall got a grant of 150,000 shares in the form of restricted stock units, vesting in two tranches. Half the shares vest on June 21, 2013. At current prices, those shares are worth about $45 million before taxes.”
Thomas reports, “The second half of his 2011 bonus doesn’t vest until 2016. He has another 100,000-share grant which doesn’t vest until 2014. Those total $105 million at today’s share prices. We assume he’s losing those shares, though it’s possible Apple might accelerate his vesting or otherwise provide some partial compensation.”
Read more in the full article here.
[Thanks to MacDailyNews Reader "Fred Mertz" for the heads up.]
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