|May 5, 2014, 06:30 PM||#1|
New Retail SVP Angela Ahrendts Receives Signing Bonus Worth $68 Million
New Apple Senior Vice President of Retail and Online Stores Angela Ahrendts has received a signing bonus potentially worth $68 million at current share prices, in the form of 113,334 restricted stock units that vest over the next four years.
Ahrendts will receive shares spread over several different vesting periods between June 1, 2014 and June 14, 2018, assuming Ahrendts stays with the company. Were Apple's share price to rise, the RSUs could potentially be worth significantly more over that time.
A restricted stock unit is a standard form of stock compensation that reward employees for staying with the company. They are used as general compensation and for employee retention. Each RSU converts to one share of stock on its vesting date, typically set annually based on award date.
Because of Apple's upcoming 7:1 stock split, awarded RSUs will be multiplied by seven to maintain value. Apple does award dividends to employee holders of RSUs as if they were standard shares, so the more than 110,000 shares that Ahrendts holds will be worth nearly $1.5 million in yearly dividend payments.
Angela Ahrendts officially joined Apple earlier this month.
Article Link: New Retail SVP Angela Ahrendts Receives Signing Bonus Worth $68 Million
|May 5, 2014, 06:50 PM||#7|
|May 5, 2014, 06:56 PM||#9|
|May 5, 2014, 07:03 PM||#10|
|May 5, 2014, 07:32 PM||#14|
I don't know if she is worth that or not, but Apple's board of directors thought John Browett and Mark Papermaster were the second coming, and they both flamed out in a big way. I just seems like a lot of money for someone who has yet to show any accomplishments.
Then again, this is the same board that grants Bill Campbell the corporate version of tenure...
"Other men are lenses through which we read our own minds." -- Emerson
MD388LL/A MG632LL/A ME344LL/A MD199LL/A MC572LL/A MD481LL/A FB463LL/A FC060LL/A
|May 5, 2014, 07:37 PM||#15|
|May 5, 2014, 07:49 PM||#16|
|May 5, 2014, 07:56 PM||#17|
|May 5, 2014, 08:03 PM||#18|
Why would she not? It's Apple!
15-inch Retina MacBook Pro- 2.6GHz, 8GB, 512GB Flash Storage
iPhone 6 Plus- 128 GB
Apple TV- 3rd Generation
iPad Air- 128 GB, Celluar
|May 5, 2014, 08:05 PM||#19|
|May 5, 2014, 08:36 PM||#22|
Again folks, Tim Cook isn’t walking up to her on June 1st and handing her a check for $68M - they’re vested over four years. Is it still pretty solid? Damn straight
"Of my friend, I can only say this: of all the souls I have encountered in my travels, his was the most... human." ~Captain James T. Kirk
Last edited by dejo; May 6, 2014 at 11:31 AM. Reason: quoted post / response deleted.
|May 5, 2014, 08:47 PM||#23|
The headline is a bit disingenuous. Her bonus isn't $68m, as pointed out in the actual article, but who reads anything but the headline around here. It's 113,334 RSUs. The dollar value is TBD since they have to vest before they are worth more than a plug nickel. The entire market could plummet 6% on June 1 over something unrelated Apple and she's SOL.
Walled Garden ≠ Prison:
"People who use Apple products considered their options, and chose Apple. If they regret their decision, they can dump it at any time." -- Harry McCracken, Technologizer.com
Last edited by Chupa Chupa; May 5, 2014 at 09:31 PM. Reason: Typo
|May 5, 2014, 09:08 PM||#24|
She ONLY gets the money if she can stay four year. That means doing well enough to not get fired.
In other words, if it turns out she is NOT worth the $68M they fire her before the stocks vest.
Last edited by dejo; May 6, 2014 at 11:52 AM. Reason: quoted post / response deleted.
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