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Apple Awards Tim Cook 1,000,000 Shares of Stock as CEO Bonus

MacRumors

MacRumors

macrumors bot
Original poster
Apr 12, 2001
63,537
30,847



timcookceo.jpg


Apple filed a form 8-K with the SEC because of the changes in corporate leadership at the company. An 8-K is the "current report" companies must file with the SEC to announce major events that shareholders should know about.

In this case, the form notifies investors of the resignation of Steve Jobs as CEO; Jobs' appointment as Chairman of the Board; COO Tim Cook's promotion to CEO; and the appointment of Cook to the Board.

Additionally:
In connection with Mr. Cook's appointment as Chief Executive Officer, the Board awarded Mr. Cook 1,000,000 restricted stock units. Fifty percent of the restricted stock units are scheduled to vest on each of August 24, 2016 and August 24, 2021, subject to Mr. Cook's continued employment with Apple through each such date.
Click to expand...
This stock award is worth just over $383 million at current prices.

Article Link: Apple Awards Tim Cook 1,000,000 Shares of Stock as CEO Bonus
 
Article Link
https://www.macrumors.com/2011/08/26/apple-awards-tim-cook-1000000-shares-of-stock-as-ceo-bonus/
Last edited by a moderator:
matbook101

matbook101

macrumors 6502
Feb 8, 2010
301
0
In the secret land of Cupertino.
MacRumors said:
[url=http://cdn.macrumors.com/im/macrumorsthreadlogodarkd.png]Image[/url]


Image

Apple filed a form 8-K with the SEC because of the changes in corporate leadership at the company. An 8-K is the "current report" companies must file with the SEC to announce major events that shareholders should know about.


In this case, the form notifies investors of the resignation of Steve Jobs as CEO; Jobs' appointment as Chairman of the Board; COO Tim Cook's promotion to CEO; and the appointment of Cook to the Board.

Additionally:
This stock award is worth just over $38.3 million at current prices.

Article Link: Apple Awards Tim Cook 1,000,000 Shares of Stock as CEO Bonus
Click to expand...

Wow. I wish I had that much.
 
Mord

Mord

macrumors G4
Aug 24, 2003
10,091
23
UK
Their shares are worth about 383 bucks, is it just me or is 1,000,000 x 383 not 383 odd million?

edit: I see it's fixed now :)
 
Last edited:
S

sumone

macrumors regular
Mar 23, 2011
216
0
Tim doesn't seem like he has the same edginess that Steve has. I'm not all that excited with him as CEO.
 
T

TwitchOSX

macrumors 6502a
May 2, 2002
508
49
Southern Oregon
What has surprised me the most is that Apple's stock hasnt tanked with all this news. It's currently up over $8/share.
 
Last edited by a moderator:
5

50548

Guest
Apr 17, 2005
5,039
2
Currently in Switzerland
I had ALREADY deleted the link, moderators...there is no need to erase my message as well.

Thank you for everything, Steve..! Once more, may God bless you and your loved ones...the world is a better place with your contribution.
 
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