Apple CEO Tim Cook attends Apple’s “Ted Lasso” Year 2 Premiere at Pacific Layout Center on July 15, 2021 in West Hollywood, California.
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Apple CEO Tim Cook dinner gained far more than 5 million shares of Apple stock this 7 days, advertising most of the inventory for extra than $750 million, according to an SEC submitting posted by Apple on Thursday.
The tranche of stock is the last element of the compensation package that Cook been given when he took in excess of as CEO of Apple 10 many years ago. Past 12 months, he acquired a new payment bundle that operates via 2026. The bulk of Cook’s payment is in the variety of restricted inventory models.
Cook dinner obtained the biggest amount of money of stock he was qualified for less than the 2011 agreement, which depended on how Apple’s stock performed as opposed to other providers in the S&P 500.
Apple was in the top rated third of corporations in the cohort, with whole shareholder return of 191.83% over the earlier a few decades, ranking 13th out of 442 providers, in accordance to the submitting.
Considering the fact that Cook became CEO in 2011, Apple inventory has risen a lot more than 1,200%.
Earlier this week, Cook dinner donated just about $10 million worth of Apple shares to an unnamed charity, in accordance to an SEC filing. Cook dinner formerly stated he will donate his total fortune to charity. An Apple consultant did not reply to requests for remark.