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

Discussion in 'Mac Blog Discussion' started by MacRumors, Oct 3, 2017.

  1. MacRumors macrumors bot

    MacRumors

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    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.

    [​IMG]

    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
     
  2. Asarien macrumors regular

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  3. Z400Racer37 macrumors 6502a

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    Worth every penny. Thanks for making these products possible!
     
  4. Aluminum213 macrumors 68040

    Aluminum213

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    #4
    And they increased the price of the iPad Pro and every other product imaginable. God bless capitalism
     
  5. ricktat macrumors 65816

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  6. macTW Suspended

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    #6
    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.
     
  7. fairuz macrumors 6502a

    fairuz

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    Those people actually do understand, but they're jealous.
     
  8. Mr. Dee macrumors 65816

    Mr. Dee

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    So thats why Gruber is sucking up to Craig so much.
     
  9. Z400Racer37 macrumors 6502a

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    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.
    --- Post Merged, Oct 3, 2017 ---
    Disadvantaged*
     
  10. Shaun, UK macrumors 68040

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    Apple should reward the people below them that do all the hard work. I’ve not seen anything to warrant these VP payments.
     
  11. Kaibelf macrumors 68000

    Kaibelf

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    #12
    Sorry, but not everyone can win a first place trophy. And participation ribbons are not just as good.
     
  12. Z400Racer37 macrumors 6502a

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    Racist. Sexist. Micro-aggression. etc...
     
  13. fairuz, Oct 3, 2017
    Last edited: Oct 3, 2017

    fairuz macrumors 6502a

    fairuz

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    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.
    --- Post Merged, Oct 3, 2017 ---
    Company value doubled since 2014? I'm not a fan of Apple anymore but can't deny they're doing business right.
     
  14. nvmls macrumors 6502

    nvmls

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

    Sell more crap != better products.
     
  15. PickUrPoison macrumors 65816

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    #16
    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...
     
  16. bladerunner2000 macrumors 68000

    bladerunner2000

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    Because they didn't have enough money before.
     
  17. jonnysods macrumors 603

    jonnysods

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  18. Mr. Donahue macrumors 6502

    Mr. Donahue

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    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.
     
  19. i.mac macrumors 6502a

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    Excellent answer.
     
  20. IJ Reilly macrumors P6

    IJ Reilly

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    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.
     
  21. i.mac macrumors 6502a

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    What have you created lately?
     
  22. IJ Reilly macrumors P6

    IJ Reilly

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    #23
    Thinly sliced baloney answer.
     
  23. nvmls macrumors 6502

    nvmls

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    A fanboy magnet, you?
     
  24. pat500000 macrumors 604

    pat500000

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    Those pics reminds me of high school year book.
     

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