Saturday, August 20, 2022

In 2021, Apple’s CEO had earned $98.7 million in stock and pay, according to a report

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According to media sources, in 2021, Apple CEO Tim Cook earned $98.7 million in base salary, stock, and other incentives.

Cook received a $3 million basic salary and a stock award of $82,347,835, according to a statement filed with the Securities and Exchange Commission by Apple, according to MacRumors.

This RSUS stock award contains $44.8 million in performance-based stock awards and $37.5 million in time-based stock awards, both of which will vest over time.

Apple

According to the study, none of the shares has yet been vested.

Cook also has over 5 million shares that will vest in 2021, paying him $754 million. The $754 million does not go toward his 2021 compensation package because it was granted in previous years.

Cook received $12 million in non-equity incentive plan pay and $1,386,559 in “Other” remuneration in addition to his $3 million salary and $82 million stock award.

A $23,077 vacation payout, $630,630 in security charges, and $712,488 in personal air travel are among the other benefits. For security concerns, Apple requires Cook to fly in a private plane.

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Via content.techgig.com
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Cook earned a total of $14.8 million in 2020, not including vested stock awards. Cook’s net worth has risen to over $1 billion since 2020, and based on recent stock awards, it may shortly surpass that figure.

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