Tim Cook Announces New Restricted Stock Unit Program for All Apple Employees

[techwhiz]

Considering that $1000-2000 over four years is meaningless and is only symbolic.
Think of it this way, in 2014 apple had about 100,000 full time employees so even if you say all the employees get the additional they just talked about that works about to be $2000x100,000 = $200 million.
He gets more than 50% of the value of all the RSU's they just issued.
This has no effect on anyone's life. Might as well give them a new iPhone every year. It's worth more if they sell it.
It's typical good old boy stuff. 20% at the top reward their buddies with 80% of the money and stock given out.


Wow $500 extra a year!

 

[JeffyTheQuik]

Kids... when you get those, hold on to them.

Imagine if you got them two years ago...

$2000 = $3149 now (10/14/13 stock close was 69.98)

("got them" means they were fully vested at once. The point isn't the math over the vesting, but the holding on to them, rather than "ooooh I got $500 (more or less) just now, what can I blow it on?")

 

[McGiord]

Milking customers to buy iMacs with 5400rpm HDD in late 2015 is a quick way to continue sucking money away from that crop of new apple customers that sadly are driving many product offerings to be a crippled experience and push the right configuration to be a build to order product that is beyond the traditional $ midlevel and high end levels used to be offered a few years ago.
Let's see if the car makes their marketing gurus focus their attention in those projects and let the Mac team release the right models anytime soon: New MacPro, New MacMini, New Display...

 

[nutjob]

This also reflects the fact that Apple thinks the stock isn't going to move up very much, or has less upside long term, and options are much less attractive to employees.

 

[WarDogg]

OMG!! Finally they will be rich...like $0.08 more a year rich! Oh yeah, please donate to Refugee and Migrant Crisis because Apple that pays whopping 2 percent tax on $74 billion in profits and keeps the rest $160 billion in the offshore zones cannot.

Great way to turn that into something negative smh

 

[randolorian]

Apple truly cares about not only the customer, but also the employee.

Posted from my $1500 iMac with a 5400rpm drive.

 

[deburn]

Apparently so, according to the 'glass half empty' crowd who never seem to have a problem finding and attaching some negative angle to anything and everything Apple does.

As far as these RSUs is concerned, better late than never. How about some credit for the man?

Not to mention they don't need to do this - it's an added benefit

 

[macs4nw]

Apple gives money to employees:
MacRumors forum: That sucks.
You guys must be fun at parties!

Haven't laughed this hard all day, Thx

 

[kagharaht]

What's wrong with getting a nice little incentive, just because you work for the company? Nothing. What's wrong with some of you people. lol Next time the company you work for gives out some monetary incentive please raise your hand and ask to be removed from the list. Go ahead do it.

 

[Tubamajuba]

Apple gives money to employees:

MacRumors forum: That sucks.

You guys must be fun at parties!

Everything Apple does is wrong. The sooner people understand that, the more this website makes sense.

Not to mention, every single article on this website has at least one or two posters blather on about a laundry list of things they think Apple is doing wrong, almost like they're writing a breakup text.

I mean, you'd think people would quit buying products that torture them...

On topic, pretty cool program that Apple announced. Definitely didn't expect them to include retail employees in it.

 

[unplugme71]

When you charge $129 for a trackpad you can easily offer RSUs.

This is the end of Apple, Inc. let's charge crazy prices to customers to drive them away but we'll make our employees have money in 4 years so they won't starve at least when we don't have any customers left. And our space ship will launch to Mars

It all makes sense now

 

[dojoman]

Why would you think that? Is it common for big corporations to give restricted stock units to all employees? We don't have that where I work and I work for a Fortune 20 company with over 100,000 employees.

Not common but most companies do give them to all employees including mine.

 

[Rogifan]

This also reflects the fact that Apple thinks the stock isn't going to move up very much, or has less upside long term, and options are much less attractive to employees.

Why do you think that? This only applies to employees not already getting stock options. Also if Apple felt there was less upside to the stock long term why are they issuing debt to buy back stock? Isn't that a sign Apple feels it's stock is undervalued? Why do people have to be cynical about everything?

Not common but most companies do give them to all employees including mine.

It's not common but most companies do it? Huh? Like I said, my company which is Fortune 20 with over 100K employees does not below a certain grade level.

When you charge $129 for a trackpad you can easily offer RSUs.

This is the end of Apple, Inc. let's charge crazy prices to customers to drive them away but we'll make our employees have money in 4 years so they won't starve at least when we don't have any customers left. And our space ship will launch to Mars

It all makes sense now

And then Apple will report record iPhone sales for the quarter in 2 weeks. But people will still report the death of Apple due to [insert reason of the day here].

 

[/dev/toaster]

Not sure where you got 4 years from, but its likely something that will be continued year after year. So if it does vest in 4 years, a $2000 grant each year starting now would vest $500 next year, $1000 year 2, $1500 year 3, and $2000 for the remainder of the persons career with apple.

RSUs are very commonly set on a 4 year vesting schedule. Some companies vest once a quarter, some yearly. Some have more complicates schedules like 1 year first batch than every quarter after.

It's a set amount, very rarely do they continue to vest after that 4 year period.

Of course all companies are different.

 

[spinedoc77]

Very nice for Apple employees. I wonder what the poor guys in China will get, oh wait they don't "work" for Apple.

When you charge $129 for a trackpad you can easily offer RSUs.

This is the end of Apple, Inc. let's charge crazy prices to customers to drive them away but we'll make our employees have money in 4 years so they won't starve at least when we don't have any customers left. And our space ship will launch to Mars

It all makes sense now

Yeah but stupid consumers will continue to overpay for their products. (disclaimer: I'm one of those stupid consumers).

 

[mr.steevo]

"Cook will earn 100,000 RSUs in August 2016, 100,000 in August 2021, and an additional 800,000 RSUs divided over 10 years so long as Apple's total shareholder return is in the TOP THIRD of companies in the S&P 500."

And that, my MacRumor-ers, is why we have the iMac we do today.

 

[Zirel]

lol.. $1000-2000 worth of shares over the period of 4 years? do they realize that's like $250 a year. one would get more $$ going to another company.

You won't be working for Apple, then...

 

[JimmyHook]

Apple has always had a stock purchase plan. Now retail employees can get RSU grants. This is great for them. Of course people will be negative about anything, but I can't think of any other retailer in the world that gives them to their low level employees.

Kids... when you get those, hold on to them.

Imagine if you got them two years ago...

$2000 = $3149 now (10/14/13 stock close was 69.98)

("got them" means they were fully vested at once. The point isn't the math over the vesting, but the holding on to them, rather than "ooooh I got $500 (more or less) just now, what can I blow it on?")

Free money for their workers. How is that bad again?

Yeah but stupid consumers will continue to overpay for their products. (disclaimer: I'm one of those stupid consumers).

It's amazing that people still complain about their prices despite being average in the industry

 

[Rogifan]

Very nice for Apple employees. I wonder what the poor guys in China will get, oh wait they don't "work" for Apple.

Ok I'll bite. What do the "poor guys in China" get from everyone else? And what does that have to do with Apple granting restricted stock to employees? I suppose these people would be so much better off if Apple and other companies manufactured their products someplace else. Because China is just swimming with good high-paying jobs for these "poor guys" once Apple leaves.

 

[boast]

Ok I'll bite. What do the "poor guys in China" get from everyone else? And what does that have to do with Apple granting restricted stock to employees? I suppose these people would be so much better off if Apple and other companies manufactured their products someplace else. Because China is just swimming with good high-paying jobs for these "poor guys" once Apple leaves.

Apple should leave all those poor Chinese people alone. Maybe create factories in Bangladesh. I'm sure they'd appreciate taking a break from making clothes...

 

[/dev/toaster]

The thing that sucks about RSUs are the taxes. It's something absurd like 46%

 

[PinkyMacGodess]

Good for Apple employees.

It sucked when steve essentially screwed so many employees out of 'benefits'. If it weren't for the 'other Steve', there wouldn't have been as many 'honored' Apple employees...

 

[spinedoc77]

The thing that sucks about RSUs are the taxes. It's something absurd like 46%

Maybe Apple will let the employees hide the money offshore with theirs to avoid taxes.

 

[BruiserB]

The thing that sucks about RSUs are the taxes. It's something absurd like 46%

No, they're just taxed at your normal tax rate on their value at time of vesting. Your company may withhold at a high rate like they do for bonus payments, overtime, etc., but the actual tax is just the same as your nominal rate and you will get any over-withholding back in your refund.

 

[pat500000]

Apple truly cares only about the employee.

fixed.