US Securities and Exchange CommissionA recent study on to apply According to Apple CEO Tim Cook, he sold 223 thousand 986 Apple shares for a total of 50 million 276 thousand dollars and 76 cents.
In fact, Tim Cook usually sells Apple shares in October. In 2023, Cook earned approximately $41.5 million by selling Apple shares. Tim Cook also earned approximately $16 million by selling a significant amount of shares in April 2024.
In addition to his base salary, which amounts to $3 million for fiscal 2023, Cook often receives different performance awards and stock awards. In 2023, Tim Cook received $47 million from stock awards, $10.7 million from non-stock awards and $2.5 million from other payments.
According to MacRumors Apple’s CEO was given 219,502 shares of Apple stock as part of a performance-based reward earlier this week, according to the company. It should be noted that the award in question depends on Apple’s shareholder return compared to other S&P 500 companies.
Of the shares Tim Cook bought this week, 54,876 will vest in increments of one-third in April 2027, 2028 and 2029. 164 thousand 626 shares, which are tied to performance, will vest only on October 1, 2027. It should be noted that up to 200 percent of the shares will be vested depending on Apple’s performance in the fiscal years 2025 to 2027.
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Prompt: Apple CEO Tim Cook in front of the Apple logo
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