AppleInsider reports, “In his first U.S. Securities and Exchange Commission filing as Apple’s SVP of Hardware Technologies, Johny Srouji revealed the recent receipt of a restricted stock unit award currently worth $9.6 million, as well as substantial common stock holdings valued at $10.9 million.”
“Srouji’s cache of owned stock and RSUs, if converted to common stock at current Apple stock prices, amounts to just over $34 million,” AppleInsider reports. “Apple traditionally awards restricted stock to high-ranking executives to retain talent and incentivize work performance.”
AppleInsider reports, “Apple announced Srouji’s new assignment as SVP of Hardware Technologies earlier this month.”
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MacDailyNews Take: Whatever it takes to retain talent.
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