Apple has given newly-appointed chief executive Tim Cook the equivalent of just under $384 million in stock, locking him up throughout 2021.
Cook’s deal was revealed in an SEC filing released on Friday. Cook will serve both as chief executive with a member of Apple’s board.
Particularly, Apple granted Cook 1 million limited stock units. Near $383.58, the cash price of Cook’s compensation would be over $383 million. Cook by now received a salary last year of $800,000 plus a bonus of $900,000 for serving as Apple’s chief operating officer.
Half of . . . → Read More: Tim Cook Receives $383.6 Million in Stock from Apple