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.”
Read more in the full article here.
MacDailyNews Take: Whatever it takes to retain talent.
SEE ALSO:
Apple’s executive changes hint at an even greater level of vertical integration to come – December 19, 2015
Global creative icon Tor Myhren leaves Grey for Apple – December 18, 2015
Apple assigns App Store oversight to Phil Schiller in apparent nod to developer issues – December 18, 2015
CEO Cook shakes up Apple’s management – December 17, 2015
Apple names Jeff Williams Chief Operating Officer, other executive additions and changes – December 17, 2015
well, that un-retires some of the stock buy-backs doesn’t it?