GoKawiilIn a new regulatory filing today, Apple revealed that new CEO John Ternus is receiving a pay package with $58 million in salary and target stock awards. The company also shared details on Tim Cook’s lucrative new deal as Apple’s executive chairman.
John Ternus’s new compensation
The numbers were disclosed in a filing with the Securities and Exchange Commission today. Ternus’s $58 million pay package includes two components:
Base salary: $3 million/year
$3 million/year Annual equity award: $55 million target value beginning fiscal 2027 75% ($41.25M) performance-based restricted stock units (RSUs) 25% ($13.75M) time-based RSUs
$55 million target value beginning fiscal 2027
The performance shares depend on Apple’s total shareholder return compared with other S&P 500 companies. The time-based shares vest 12.5% every six months over four years.
For 2026, Ternus is also receiving prorated stock awards with a $2.5 million target value, covering the portion of fiscal 2026 he serves as CEO.
While Apple did not disclose Ternus’s previous salary in his role as senior vice president of hardware engineering, Bloomberg reports “that management level typically gets paid about $25 million annually when including stock, salary and bonuses.”
Tim Cook’s new compensation
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