Tim Cook to Earn $120 Million in Shares After Apple Stock Surges

Aug. 23, 2018

As per a report byBusiness Standard, Cook is in line to earn a total of 560,000 shares as part of his annual compensation plan, which amounts to Apple stock worth $120 million based on the current price of Apple’s shares.

Half of the shares Cook is set to receive are tied to his contract for serving as Apple’s Chief Executive Officer, while the rest 280,000 are additional shares which are subject to Apple’s performance compared to other companies in the S&P 500 index, a modification which was reportedly requested by Cook a few years ago.

The terms dictated that if Apple’s stock market returns exceeded at least two-thirds of the names on the S&P 500 index, Cook will receive the additional shares as part of his paycheck.