The haul consists of about five million shares worth roughly $750 million, according to calculations by Bloomberg News. Part of the payout is contingent on Apple's stock return over the past three years surpassing at least two-thirds of companies in the S&P 500 - a threshold the iPhone maker cleared by a wide margin.
Apple CEO Tim Cook s pay increases 28% to $15 million in 2020
Cook s base salary remained the same as in 2019 at $3 million but his non-equity incentive plan compensation rose to $10.7 million from $7.7 million in 2019
BusinessToday.In | January 6, 2021 | Updated 11:17 IST
Apple said that Cook earned 256 times as much as its median employee, who earned $57,783 in 2020 (Image: Reuters)
Tim Cook, the chief executive officer of Apple Inc saw his overall pay package increase by 28 per cent to $14,769,259 in 2020, according to a regulatory filing.
His base salary remained the same as in 2019 at $3 million but his non-equity incentive plan compensation rose to $10.7 million from $7.7 million in 2019. Cook s pay package also included a vacation cash-out of $115,385, personal air travel expenses $432,564, and security expenses $470,246, according to the Securities and Exchange Commission.