by Juli Clover
Apple CEO Tim Cook's earnings totaled $98.7 million in base salary, stock, and other compensation, according to a statement that Apple filed with the SEC today.
Cook earned a $3 million base salary, and he was provided with stock award of $82,347,835. This stock award is RSUs that will vest over time, and it includes $44.8 million in performance-based stock awards and $37.5 million in time-based stock awards. None of this stock has vested as of yet.
Cook also had more than 5 million shares vest in 2021, netting him a total of $754 million. Because these were granted in earlier years, the $754 million does not count as part of his 2021 compensation package.
In addition to the $3 million salary and $82 million stock grant, Cook received $12 million as non-equity incentive plan compensation and $1,386,559 in "Other" compensation. Other compensation includes a $23,077 vacation payout, $630,630 in security expenses, and $712,488 in personal air travel. Apple requires Cook to use a private airplane for security reasons.
In 2020, Cook earned a total of $14.8 million, not counting stock awards that vested during that time period. Cook's net worth has climbed to more than $1 billion since 2020, and it may soon exceed that based on the stock awards he's recently been provided with.
Other Apple executives such as Luca Maestri, Kate Adams, Jeff Williams, and Deirdre O'Brien received compensation ranging from $26 million to $27 million.
Tag: Tim Cook
[ 211 comments ]
Popular Stories
Revealed: iOS 18 Works With These iPhone Models
Monday June 10, 2024 3:57 am PDT by Tim Hardwick
iOS 18 will be compatible with the same iPhone models as iOS 17, according to a post on X today from a private account with a proven track record of sharing build numbers for upcoming iOS updates. iOS 18 will be compatible with the iPhone XR, and hence also the iPhone XS and iPhone XS Max models with the same A12 Bionic chip, but older iPhone models will miss out. Here is the full...
Read Full Article • 81 comments
Apple Announces iOS 18 With New Customization Features, Redesigned Photos App, and More
Monday June 10, 2024 10:17 am PDT by Hartley Charlton
Apple today previewed iOS 18, the next major update to the operating system for the iPhone, with new customization features, a redesigned Photos app, and more. iOS 18 features new customization tools for the Home Screen. App icons now feature Dark Mode and users can tint them with a color to create a unique look. Apps can also now be placed anywhere on the Home Screen freely. The Control...
Read Full Article • 170 comments
WWDC 2024 Apple Event Live Keynote Coverage: iOS 18, Apple's AI Push, and More
Monday June 10, 2024 9:20 am PDT by Jordan Golson
Apple's Worldwide Developers Conference (WWDC) starts today with the traditional keynote kicking things off at 10:00 a.m. Pacific Time. MacRumors is on hand for the event and we'll be sharing details and our thoughts throughout the day. We're expecting to see a number of software-related announcements with a focus on Apple's efforts to infuse AI throughout its operating systems and apps....
Read Full Article • 1390 comments
Massive iPhone Upgrade Coming This Week But These Devices Will Miss Out
Sunday June 9, 2024 1:25 pm PDT by Tim Hardwick
Apple is planning a major AI overhaul in iOS 18, with a feature set it is referring to as "Apple Intelligence." However, these new features will not work on older iPhones, even if they do appear on the new operating system's device compatibility list. Apple's initial AI roadmap for iOS 18 is said to come in two parts: Basic AI features that will be processed on-device, and more advanced...
Read Full Article • 245 comments
Amazon Introduces Record Low Prices on Every M3 MacBook Air
Sunday June 9, 2024 7:57 am PDT by Mitchel Broussard
On Friday we tracked new all-time low prices on the 13-inch M3 MacBook Air, and today Amazon has expanded this sale with record low prices on the 15-inch models as well. Thanks to these additional deals, every single model of the M3 MacBook Air is now available at an all-time low price. Note: MacRumors is an affiliate partner with Amazon. When you click a link and make a purchase, we may...
Read Full Article • 34 comments
Apple Provides Updated Look at Next-Generation CarPlay at WWDC 2024
Monday June 10, 2024 7:11 pm PDT by Joe Rossignol
Apple today shared a few WWDC 2024 coding sessions related to its upcoming next-generation CarPlay system ahead of its launch later this year. The sessions include lots of updated next-generation CarPlay images, with one revealing new Vehicle, Media, and Climate apps in action for the first time. MacRumors previously discovered evidence of these apps in the iOS 17.4 beta. Next-generation...
Read Full Article • 72 comments
Top Rated Comments
aidler
32 months ago
Congratulations... well deserved... somehow I guess
You clearly work way more then 1.900 normal people combined and the huge responsibility you bear. I have no idea what it is, but I'm sure it is there. Each morning in your humongus closet you have to decide which suit to wear, and then the exausting long walk into your garage to again decide which supercar to use today. No normal human being has to bear such hardship.
So again.. well deserved?
Score: 22 Votes (Like | Disagree)
applicious84
32 months ago
I earn that in an hour
Score: 20 Votes (Like | Disagree)
steve333
32 months ago
It isn't well deserved, it's outrageous, just like most CEO pay is. The fact that some think this is OK is pretty sickening
Score: 20 Votes (Like | Disagree)
8281
32 months ago
I agree but I still think he is underpaid. Should earn more.[MEDIA=twitter]1478076791537352705[/MEDIA]
“Only worth $1.5 billion.” This isn’t rich now?
Score: 16 Votes (Like | Disagree)
jz0309
32 months ago
government should tax this guy
they do, he pays taxes on his regular income like anyone else, and when he cashes in on his stock, he pays taxes like everyone else.
Score: 16 Votes (Like | Disagree)
Scotticus
32 months ago
Ah yes, another dude getting paid more than god while his employees can barely make ends meet: https://www.theverge.com/c/22807871/apple-frontline-employees-retail-customer-service-pandemic
Score: 15 Votes (Like | Disagree)
Read All Comments
'); }
Next Article
Tim Cook Discusses Apple Intelligence and More in Videos With iJustine, MKBHD, and Others
