Have you ever puzzled how a whole lot money in profits does apple CEO Tim prepare dinner made? Apple's current submitting with the SEC has revealed the yearly compensation bundle.
consistent with a proxy declaration filed by way of apple, cook acquired a complete reimbursement of $seventy four.6 million in 2024. as compared to 2023, cook dinner's profits has seen a good sized soar as he earned $sixty three.2 million the preceding yr.
cook dinner's base income stands at $3 million - a figure that hasn't modified considering the fact that 2016. The apple CEO's 2024 compensation included $58 million in stock awards, $12 million in performance-based bonuses, and $1.five million in other advantages like security and private jet travel. "in the pastimes of security and efficiency based totally on our worldwide profile and the surprisingly seen nature of Mr. prepare dinner's role as CEO, the Board also requires that Mr. cook use non-public aircraft for all business and personal travel," apple said int he filing.
prepare dinner became granted an equity award with 75% of the equity award concern to overall performance-based vesting and 25% of the equity award situation to time-primarily based vesting, said apple approximately his inventory awards.
within the proxy submitting, the organisation also stated that there are no modifications being made to cook's compensation shape in 2025. "Mr. prepare dinner's persisted brilliant overall performance while comparing Mr. cook's total goal compensation and our executive reimbursement software for 2025, and made no modifications to the amount or structure of Mr. prepare dinner's 2025 general target compensation," stated the corporation.
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