Securities and Exchange Commission filing Sept. 29 that it awarded Cook 333,987 in stock options, which totals roughly $38 million based on Apple’s current stock price.
The shares will begin vesting in 2023 and are tied to Cook meeting certain (undisclosed) performance goals at Apple.Another 33,987 shares will be granted to Cook and begin to automatically vest in three years, regardless of performance goals.
Last year Cook took home $125 million, including a $3 million salary plus stock bonuses.Also Read: Biden Campaign: Facebook Is 'Nation's Foremost Propagator of Disinformation'“Tim has brought unparalleled innovation and focus to his role as CEO and demonstrated what it means to lead with values and integrity,” Apple’s board of directors.
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