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Original poster
Apr 12, 2001
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Apple CEO Tim Cook's earnings totaled $98.7 million in base salary, stock, and other compensation, according to a statement that Apple filed with the SEC today.

timcooktulane.jpg

Cook earned a $3 million base salary, and he was provided with stock award of $82,347,835. This stock award is RSUs that will vest over time, and it includes $44.8 million in performance-based stock awards and $37.5 million in time-based stock awards. None of this stock has vested as of yet.

Cook also had more than 5 million shares vest in 2021, netting him a total of $754 million. Because these were granted in earlier years, the $754 million does not count as part of his 2021 compensation package.

In addition to the $3 million salary and $82 million stock grant, Cook received $12 million as non-equity incentive plan compensation and $1,386,559 in "Other" compensation. Other compensation includes a $23,077 vacation payout, $630,630 in security expenses, and $712,488 in personal air travel. Apple requires Cook to use a private airplane for security reasons.

In 2020, Cook earned a total of $14.8 million, not counting stock awards that vested during that time period. Cook's net worth has climbed to more than $1 billion since 2020, and it may soon exceed that based on the stock awards he's recently been provided with.

Other Apple executives such as Luca Maestri, Kate Adams, Jeff Williams, and Deirdre O'Brien received compensation ranging from $26 million to $27 million.

Article Link: Apple CEO Tim Cook Earned $98.7M in Stock and Salary in 2021
 

aidler

macrumors 6502
Jun 18, 2009
257
610
Congratulations... well deserved... somehow I guess

You clearly work way more then 1.900 normal people combined and the huge responsibility you bear. I have no idea what it is, but I'm sure it is there. Each morning in your humongus closet you have to decide which suit to wear, and then the exausting long walk into your garage to again decide which supercar to use today. No normal human being has to bear such hardship.

So again.. well deserved😂
 

jz0309

Contributor
Sep 25, 2018
5,605
15,789
Temecula, CA
well deserved!
He is NOT the highest paid CEO out there, but he runs the most valuable and the most profitable company period.

I do think that in general CEOs are way overpaid, but that is the norm today and there is no reason to just point at him, it's Wall Street that sets the tone, change the system but don't point fingers at an individual.
 

Baritone_Guy

macrumors member
Feb 12, 2021
49
61
The performance based shares are called PSUs and only pay out if the company meets certain financial goals. The RSUs he gets regardless of the company performance. They are a straight up share grant.

If Apple keeps going the way they are I would expect the PSUs to pay out. If they don’t he does not get them.
 
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