Apple CEO Tim Cook goes to Apple’s “Ted Lasso” Season 2 Premiere at Pacific Design Center on July 15, 2021 in West Hollywood, California.
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Apple CEO Tim Cook got more than 5 million shares of Apple stock today, offering the majority of the stock for more than $750 million, according to an SEC filing published by Apple on Thursday.
The tranche of stock is the last part of the payment bundle that Cook got when he took control of as CEO of Apple 10 years back. Last year, he got a brand-new payment bundle that goes through2026 The bulk of Cook’s payment remains in the kind of limited stock systems.
Cook got the biggest quantity of stock he was qualified for under the 2011 contract, which depended upon how Apple’s stock carried out compared to other business in the S&P 500.
Apple remained in the leading third of business in the mate, with overall investor return of 191.83% over the previous 3 years, ranking 13 th out of 442 business, according to the filing.
Since Cook ended up being CEO in 2011, Apple stock has actually increased more than 1,200%.
Earlier today, Cook contributed nearly $10 million worth of Apple shares to an unnamed charity, according to an SEC filing. Cook formerly stated he will contribute his whole fortune to charity. An Apple agent didn’t react to ask for remark.
