Fri. Jan 21st, 2022

Apple CEO Tim Cook dinner’s earnings totaled $98.7 million in base wage, inventory, and different compensation, in line with a press release that Apple filed with the SEC in the present day.

Cook dinner earned a $3 million base wage, and he was supplied with inventory award of $82,347,835. This inventory award is RSUs that can vest over time, and it contains $44.8 million in performance-based inventory awards and $37.5 million in time-based inventory awards. None of this inventory has vested as of but.

Cook dinner additionally had greater than 5 million shares vest in 2021, netting him a complete of $754 million. As a result of these have been granted in earlier years, the $754 million doesn’t rely as a part of his 2021 compensation bundle.

Along with the $3 million wage and $82 million inventory grant, Cook dinner obtained $12 million as non-equity incentive plan compensation and $1,386,559 in “Different” compensation. Different compensation features a $23,077 trip payout, $630,630 in safety bills, and $712,488 in private air journey. Apple requires Cook dinner to make use of a personal airplane for safety causes.

In 2020, Cook dinner earned a complete of $14.8 million, not counting inventory awards that vested throughout that point interval. Cook dinner’s web value has climbed to greater than $1 billion since 2020, and it could quickly exceed that primarily based on the inventory awards he is not too long ago been supplied with.

Different Apple executives akin to Luca Maestri, Kate Adams, Jeff Williams, and Deirdre O’Brien obtained compensation starting from $26 million to $27 million.

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