Apple Executives Receive Stock Worth Up to $22 Million as RSUs Vest

[MacRumors]

Seven Apple executives this week received major stock awards after restricted stock units or RSUs awarded in 2014 and 2015 vested.

Apple issues RSUs to its executives as bonus compensation, with the restricted units vesting after a set period of time as long as the employee stays with the company.

Phil Schiller, Dan Riccio, Jeff Williams, and Eddy Cue all received 130,117 shares, worth more than $22 million at Apple's current price per share. Luca Maestri, Angela Ahrendts, and Craig Federighi all received ~77,000 shares.

Shares received by each were originally awarded on March 3, 2014; October 17, 2014; and October 5, 2015, with Riccio, Williams, Cue, and Schiller receiving stock from all three dates and Maestri, Ahrendts, and Federighi receiving stock from the October awards. The March 2014 award has now fully vested for employees who received it, while employees who received the other two rewards will see additional shares vest on April 1, 2019 and April 1, 2020.

A portion of each award was withheld by Apple to satisfy tax withholding requirements on vesting of restricted stock units.

Article Link: Apple Executives Receive Stock Worth Up to $22 Million as RSUs Vest

 

[Z400Racer37]

Good for them, they certainly earn it.

 

[826317]

Can you really say that 1 person is important enough for a corporation that they deserve $22 million in bonus shares?

 

[DocMultimedia]

I want some of that! Pretty please.

 

[dogslobber]

I hope Eddy got the lion's share of it. Apple is nothing without Mr Cue.

 

[Naraxus]

Good for them, they certainly earn it.

Please tell me what Eddy does and has done that is worth anywhere CLOSE to $5 much less 22 million.

 

[timborama]

I hope Eddy got the lion's share of it. Apple is nothing without Mr Cue.

Thanks for the comment Mrs. Cue. :rollseyes:

 

[now i see it]

Just remember everyone, money can't buy you happiness. Oh wait...

 

[69650]

The gravy train continues. Not one of them have earned this reward.

 

[Strelok]

The gravy train continues. Not one of them have earned this reward.

What are you talking about? They hit whatever goals they were given, your opinion is not a goal.

 

[deanthedev]

Please tell me what Eddy does and has done that is worth anywhere CLOSE to $5 much less 22 million.

Please tell us why he ISN’T worth that much. You can’t because you know absolutely NOTHING about his job. Yet that doesn’t stop you from speaking about it as if you do.

 

[unibility]

Well that explains why my APPL stocks has taken a slight dip.

 

[Rogifan]

I hope Eddy got the lion's share of it. Apple is nothing without Mr Cue.

You’re quite the comedian.

 

[Cosmosent]

Whichever ones of you have responsibility for the Cycle Timing of AVCaptureVideoDataOutput when using AVCaptureDepthDataOutput should give half your Bonus back, unless / until that gets Fixed !

NO way is it simply like using AVCaptureVideoDataOutput !! ... NO chance of making credible Portrait Mode Videos !

 

[az431]

Please tell me what Eddy does and has done that is worth anywhere CLOSE to $5 much less 22 million.

Doesn’t really matter what you think. The board approved it.
[doublepost=1522806114][/doublepost]

The gravy train continues. Not one of them have earned this reward.

The stock has more than doubled in the four years since the awards were made. Not enough for you?

 

[Blackstick]

I’m amazed how many people here most likely earning less than $150k are defending the insane compensation these folks get. They don’t do the work at all, not even their VPs do much. It’s their directors, senior managers, line managers and Team Leaders getting their individual contributors to move the needle and keep the gears moving.

 

[jinnj]

Please tell me what Eddy does and has done that is worth anywhere CLOSE to $5 much less 22 million.

Everything having to do with the content Apple sells... you know... the actual money maker at Apple. the reason Apple isn't selling your data.
[doublepost=1522806936][/doublepost]

Whichever ones of you have responsibility for the Cycle Timing of AVCaptureVideoDataOutput when using AVCaptureDepthDataOutput should give half your Bonus back, unless / until that gets Fixed !

NO way is it simply like using AVCaptureVideoDataOutput !! ... NO chance of making credible Portrait Mode Videos !

And yet 90% percent of camera videos are always portrait! LOL

 

[Z400Racer37]

Can you really say that 1 person is important enough for a corporation that they deserve $22 million in bonus shares?

Yes.

 

[KPOM]

Can you really say that 1 person is important enough for a corporation that they deserve $22 million in bonus shares?

Yes. Steve Jobs was worth every penny. And Tim Cook has kept it going for 7 years now. Also remember that the shares are worth more now than when they were originally issued.
[doublepost=1522811512][/doublepost]

I’m amazed how many people here most likely earning less than $150k are defending the insane compensation these folks get. They don’t do the work at all, not even their VPs do much. It’s their directors, senior managers, line managers and Team Leaders getting their individual contributors to move the needle and keep the gears moving.

Most of them are handsomely paid, as well. Maybe they “only” got $1 million in stock but anyone at VP or above who stays long enough to vest is doing well.
[doublepost=1522811560][/doublepost]

Yes. Steve Jobs was worth every penny. And Tim Cook has kept it going for 7 years now. Also remember that the shares are worth more now than when they were originally issued.
[doublepost=1522811512][/doublepost]
Most of them are handsomely paid, as well. Maybe they “only” got $1 million in stock but anyone at VP or above who stays long enough to vest is doing well.

Remember that VP is below director/senior manager at most places.

 

[Bawstun]

I’m amazed how many people here most likely earning less than $150k are defending the insane compensation these folks get. They don’t do the work at all, not even their VPs do much. It’s their directors, senior managers, line managers and Team Leaders getting their individual contributors to move the needle and keep the gears moving.

That’s capitalism in a nutshell. You described most of it. Lol. All companies are run with that mindset and it’s why wages are so toxic...

 

[H2SO4]

Please tell us why he ISN’T worth that much. You can’t because you know absolutely NOTHING about his job. Yet that doesn’t stop you from speaking about it as if you do.

I know pretty much nothing about the job of a consultant at my local hospital. Is he any less deserving of that level of money than Eddy?

Mind you. I’m complicit in it. I keep going out and buying their products.

 

[bopajuice]

As long as we the sheeple continue to award mediocrity, corporate America will continue to have one more yacht than the rest of us.

 

[itsmilo]

And we say the west doesn’t have their own kind of „cast system“ lol

 

[H.E. Pennypacker]

22 million. I spend that much in aftershave.

 

[deanthedev]

I’m amazed how many people here most likely earning less than $150k are defending the insane compensation these folks get. They don’t do the work at all, not even their VPs do much. It’s their directors, senior managers, line managers and Team Leaders getting their individual contributors to move the needle and keep the gears moving.

I’m not the type of person who gets jealous of people making far more money than I ever could. Nor do I pretend I have the skills to replace any one of them, and then whine about them getting ridiculous sums of money for a job anyone could do.

I say good for them to have worked their ass off and gotten to where they are today.