Apple Executives Receive Stock Worth Over $19 Million Each as RSUs Awarded in 2014 Vest

[MacRumors]

Eight Apple executives this week received 125,494 shares of stock each after restricted stock units or RSUs first awarded in 2014 vested. Apple issues RSUs, which vest after a set amount of time so long as an employee stays with the company, to its executives as bonus compensation.

Luca Maestri, Craig Federighi, Eddy Cue, Angela Ahrendts, Jeff Williams, Bruce Sewell, Phil Schiller, and Dan Riccio all received the stock awards, worth over $19 million at Apple's current price.

The amount of stock each received was based on Apple's total shareholder return (TSR) relative to other companies in the S&P 500 from September 28, 2014 through September 30, 2017. Apple's TSR during that period was 65.53 percent, which gave it a ranking of 92nd out of the 451 companies in the S&P 500.

That placed Apple in the 80th percentile, so 125,494 RSUs vested. Had Apple's ranking been in the 85th percentile, the executives would have seen a larger reward as 200 percent of the target 68,576 RSUs would have vested.

Over 62,000 shares were withheld by Apple from each distribution to satisfy the tax withholding requirements of vesting RSUs.

Article Link: Apple Executives Receive Stock Worth Over $19 Million Each as RSUs Awarded in 2014 Vest

 

[Asarien]

What a life.

 

[Z400Racer37]

Worth every penny. Thanks for making these products possible!

 

[Aluminum213]

And they increased the price of the iPad Pro and every other product imaginable. God bless capitalism

 

[ricktat]

Poor little fellas.

 

[macTW]

And still people seem to not understand the value these men and women bring to the company as well as the other drivers to price increases.

 

[fairuz]

And still people seem to not understand the value these men and women bring to the company as well as the other drivers to price increases.

Those people actually do understand, but they're jealous.

 

[Mr. Dee]

So thats why Gruber is sucking up to Craig so much.

 

[Z400Racer37]

And still people seem to not understand the value these men and women bring to the company as well as the other drivers to price increases.

Actually, everybody knows they're fat cats and they're just pulling all the cash in, because they were lucky enough to go to a good school, and get a good job, where they can take advantage of the little guy who does all the real work. Steve wasn't kidding, the products are literally magic. Duh.
[doublepost=1507074615][/doublepost]

Those people actually do understand, but they're jealous.

Disadvantaged*

 

[theelysium]

Eeeh over paid!

 

[69650]

Apple should reward the people below them that do all the hard work. I’ve not seen anything to warrant these VP payments.

 

[Kaibelf]

Actually, everybody knows they're fat cats and they're just pulling all the cash in, because they were lucky enough to go to a good school, and get a good job, where they can take advantage of the little guy who does all the real work. Steve wasn't kidding, the products are literally magic. Duh.
[doublepost=1507074615][/doublepost]

Disadvantaged*

Sorry, but not everyone can win a first place trophy. And participation ribbons are not just as good.

 

[Z400Racer37]

Sorry, but not everyone can win a first place trophy. And participation ribbons are not just as good.

Racist. Sexist. Micro-aggression. etc...

 

[fairuz]

Actually, everybody knows they're fat cats and they're just pulling all the cash in, because they were lucky enough to go to a good school, and get a good job, where they can take advantage of the little guy who does all the real work. Steve wasn't kidding, the products are literally magic. Duh.
[doublepost=1507074615][/doublepost]

Disadvantaged*

Going to a good school doesn't make you a top executive, not even close. That rarely even gets you into a top notch grad school. Much more likely you end up a still well-paid engineer at Apple.
[doublepost=1507077595][/doublepost]

Apple should reward the people below them that do all the hard work. I’ve not seen anything to warrant these VP payments.

Company value doubled since 2014? I'm not a fan of Apple anymore but can't deny they're doing business right.

 

[nvmls]

Going to a good school doesn't make you a top executive, not even close. That rarely even gets you into a top notch grad school.
[doublepost=1507077595][/doublepost]

Sure, you could tell by the glued products they've put out lately.

Sell more crap != better products.

 

[PickUrPoison]

Actually, everybody knows they're fat cats and they're just pulling all the cash in, because they were lucky enough to go to a good school, and get a good job, where they can take advantage of the little guy who does all the real work. Steve wasn't kidding, the products are literally magic. Duh.
[doublepost=1507074615][/doublepost]

Disadvantaged*

Do you take any personal responsibility for your relative lack of success? Seems like you prefer to play the victim card.

Or maybe I just didn’t understand the intent of your post...

 

[bladerunner2000]

Because they didn't have enough money before.

 

[jonnysods]

Nothing for Ive?

 

[Mr. Donahue]

Angela needs to go ASAP their stores are horrible to visit. Absolutely horrid. And Craig needs to call terminex and get rid of those bugs.

 

[i.mac]

Those people actually do understand, but they're jealous.

Excellent answer.

 

[IJ Reilly]

Those people actually do understand, but they're jealous.

You know, more than one kind of understanding is at work here. Perhaps what you don't understand is how stock compensation is used to avoid income taxes. Because it isn't enough that executive compensation in U.S. far greater than in any other industrialized nation, and the gap between what they take home and everybody else continues to grow, but they have also earned the right to pay a lower tax rate. So while as a longtime Apple stockholder I am grateful for the performance of this company and to the people who make it happen, I remain capable of understanding more than one thing at a time.

 

[i.mac]

Sure, you could tell by the glued products they've put out lately.

Sell more crap != better products.

What have you created lately?

 

[IJ Reilly]

Excellent answer.

Thinly sliced baloney answer.

 

[nvmls]

What have you created lately?

A fanboy magnet, you?

 

[pat500000]

Those pics reminds me of high school year book.