This week, Apple CEO Tim Cook received over five million shares of his company’s stock. The total value of stock received was more than $750 Million USD.
AAPL Tim Cook SEC Form 4 Filing – 8/24/21
As part of his 2011 agreement, Cook received stock based on how Apple’s performance compared to other companies in the S&P 500.
Cook is being compensated with the final part of the stock package when he became CEO of Apple ten years ago.
Since Cook became CEO in 2011, Apple stock has risen over 1200%.
In 2020, Cook received a new compensation package that will run through 2026.
The majority of Tim Cook’s compensation is in the form of AAPL stock restricted units.
According to the filing, Apple ranked 13th out of 442 companies in the cohort with a total shareholder return of 191.83%, which was within the top third.
He previously said he will donate his entire fortune to charity and continued to enforce that statement by donating $10 Million worth of Apple stock earlier this week in a SEC filing.