Apple CEO Tim Cook receives 2.5 million Apple shares

Apple CEO Tim Cook has received 2.55 million Apple shares as part of a new compensation package that runs through 2026, according to a newly posted filing with the U.S. SEC.

Apple CEO Tim Cook
Apple CEO Tim Cook

Mike Peterson for AppleInsider:

Back in August, Cook received more than 5 million shares of Apple stock and sold them for more than $750 million. The stock transfer was the final part of a compensation package that Cook received when he became CEO of Apple in 2011.

On Sunday, Cook received 2.55 million shares of Apple stock, according to a filing with the Securities and Exchange Commission posted to Apple’s website on Sept. 28. By a rough estimate, the stocks are worth about $367.7 million.

The stock awards are meant to incentivize continued work at the company through [2026].

MacDailyNews Note: These restricted stock units are scheduled to vest as to one-third of the units on each of April 1, 2024, April 1, 2025, and April 1, 2026.

Cook also receives a base salary which was $3 million in 2020.

See also: Apple CEO Tim Cook to get $750 million payout this week – August 26, 2021

4 Comments

  1. Yeah, but how much did he get for selling out 1+ billion Apple users to government surveillance agencies?

    Or did he just settle for Apple getting off on antitrust enforcement worldwide in exchange for “being a team player?”

    Cook is crooked.

  2. Theft from the shareholders. Cook is a doofus failure who never learned business 101 rule, that you diversify your production out of hostile communist regimes.

    He not only should be fired (and replaced by Craig F), there should be a shareholder suit to disgorge his ill-gotten shares.

  3. Mr.Cook has always been widely touted as an able supply chain manager. OK, but that by itself is not at all a qualification for an able CEO. CEO of a company like Apple with it’s unique heritage, culture and mojo, must be innovative, forward-looking and a guardian of the precious culture and history. I really regret Apple became just another greedy and sneaky organization under Cook, minding mostly the bottom line with questionable marketing tricks and hype. I have absolutely no doubt there are so may young, fresh and smart (much smarter than Cook) supply chain management talent. So…

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