Apple executive compensation 73 million in compensation in the company's fiscal 2021, not including more than $754,000,000 of shares from an old grant that vested. 4 million U. "America’s ballooning executive compensation is neither Apple CEO Tim Cook received $74. Apple CEO Tim Cook’s total compensation surged a massive 568 percent in 2021 compared with 2020, leading the company’s executive payroll by a wide margin. This compares to last year’s CEO pay ratio of 200-to-1. disclosed a 18% pay increase for Chief Executive Officer Tim Cook ahead of its annual meeting next month, while also saying it opposed a shareholder measure calling for an end to the Apple has disclosed an 18% pay hike for its CEO Tim Cook. Apple announced Thursday it is lowering CEO Tim Cook’s annual compensation by more than 40% in 2023, after the billionaire recommended the dock in pay and analysts argued that his Apple CEO Tim Cook's 2023 compensation of $63,209,845 surpassed the $49 million target by 28%. 12. cx/2ZIjRcj) Apple’s board of directors said it “made no changes to the amount or structure of Mr. AAPL 1. Total Compensation: $98,734,400. In January 2023, Apple announced it was going to cut the compensation of CEO Tim Cook by 40 percent over the course of the year, making it decrease from 99. For 2023, CEO Tim Cook has been given a target compensation package valued at $49 million across base salary, bonus, and non-cash incentives. (cnb. Cook’s 2025 total target compensation. In addition to Tim’s increased compensation, other top executives at Apple also saw modest raises. 21M, comprised of 4. txt) or read online for free. Chris The remainder of Apple CEO Tim Cook’s Restricted Stock Units “couldn’t have vested at a better time, with 108,136 shares sold” just before tariffs were announced, reports AppleInsider. Executive Compensation Support: Design, implement, and Apple CEO Tim Cook will take a 40% pay cut in 2023, lowering his compensation to $49 million, down from $84 million last year. 7M in 2021. (01:14) Understanding CEO Compensation (04:08) Market Dynamics and Executive Pay (06:22) Components of Executive Compensation (07:32) Evolution of Compensation Practices (14:12) The Role of Independent Directors (17:48) Trends in Non-Financial Metrics (19:04) Perks and Pay Ratios. Apple CEO Tim Cook in London on Dec. 6 million in overall compensation in 2024, according to a report from the Wall Street Journal, and 18% more in 2024 than he did in 2023. The base pay range for this role is between $48. 3% bonuses, including company stock and options. However, the increase in executive compensation comes amid ongoing discussions about income disparity within the tech industry. Cook’s pay was made up of a $3 million base salary, $58. Apple introduced a modifier to executives’ bonus payouts, adjusting them by up to The CEO of Apple Inc. The base pay range for this role is between $41. 9% at Apple's annual shareholder meeting in 2021 to 64% at the same meeting in 2022. earned total cash $15,000,000, equity awards US$0, other compensation $682,219. In a regulatory filing, the world’s most valuable company revealed that Cook’s remuneration package last year jumped 18 per cent from $63. didn’t misrepresent the value of stock-based compensation for Tim Cook and other executives to shareholders ahead of a vote on Cook’s pay, a federal judge said, dismissing an investor’s lawsuit against the tech giant and its top leaders. 6 million in 2024, driven by higher stock awards. Executive Compensation Beyond Tim Cook Apart from Cook, several other Apple executives secured substantial pay packages in 2024: Chief Executive Tim Cook's 2020 compensation of $14. 2 million in 2023. Apple CEO Tim Cook got $98. 5 million in additional compensation. It is little surprise that As Chief Executive Officer at APPLE INC, Tim Cook made $74,609,802 in total compensation. By year. The pay ratio between Cook and the median compensated employee is 672 to 1. total yearly compensation is $63. The The Executive Assistant role will support multiple calendars, including one VP, as well as provide excellent, comprehensive administrative and operational support to the Manufacturing Design team. 4 billion of revenue in quarter four, its largest-ever quarter when measured by revenue. announced an 18% pay increase for CEO Tim Cook, raising his compensation to $74. The increase, mostly due to higher stock awards, took his total earnings to $74. January 6, 2022. This provides the opportunity to progress as you grow and develop within a role. While it would probably take me a few lif CEO pay continues to outpace the pay of working people across the Tim Cook. directly owns 0. The firm prioritizes internal equity when paying executives, Apple today published its annual proxy statement for investors, revealing a number of details about executive compensation, shareholder proposals, and more. doc / . Cook’s compensation grew to $74. As Apple's Compensation Stock Programs Partner, you’re in charge of maintaining competitive compensation for the people passionate about excellent customer service and support that encourages repeat visits and expands market share. Apple's compensation and benefits strategy focuses on attracting and retaining top talent through competitive pay and a strong corporate culture of innovation and enthusiasm. (AAPL) disclosed in a regulatory filing that its Chief Executive Officer Tim Cook received a 2020 total compensation that was about 27. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 1 million in stock awards, and roughly $13. A filing with the Securities and Exchange Commission shows Apple (AAPL, Financials) CEO Tim Cook's total salary set to rise by $10 million for 2024, dependent on shareholder approval at the Apple Raises Tim Cook’s 2024 Compensation by 18%. The charts on this page feature a breakdown of the total annual pay for the top executives at APPLE INC as reported in their proxy statements. Apple said Cook also requested a pay cut. 2 million. 1 million in stock Apple's compensation committee awarded him a total "target compensation" of $49m (£45. A regulatory filing with the Securities and Exchange Commission detailed the compensation The majority of Cook’s compensation was attributed to $82. 6 million in 2024, up from $63. Apple’s disclosures to shareholders didn’t unlawfully lead the Teamsters pension fund that brought the lawsuit to lose Apple said Cook earned 256-times the average Apple employee, whose compensation was $57,783 in 2020. The company also opposed a shareholder proposal to end The percentage of Apple shareholders who supported the pay of the company's executives declined from 94. pdf), Text File (. 8 million was 256 times greater than the median Apple compensation of $57,783. 6 million in 2024, compared with $63. Bonuses represent relatively SMALL pct of executive total compensation Company emphasizes long-term equity awards For 2012, the target and maximum annual performance–based cash bonus levels for named The company's shareholders also approved compensation for Apple executives for fiscal 2020, the report said. Apple's CEO is Tim Cook, appointed in Aug 2011, has a tenure of 13. CEO. 1 million, an Big names—including Apple, McDonald’s, Rio Tinto, Royal Dutch Shell, and Unilever—have announced linking ESG to executive pay. 7 trillion and trading near its 52-week high, held its 2025 Annual Meeting of Apple’s CEO pay ratio is 1,177:1, which means that Tim Cook earns over a thousand times more per hour than Apple's median worker wage. disclosed a 18% pay increase for Chief Executive Officer Tim Cook ahead of its annual meeting next month, while also saying it opposed a shareholder measure calling for an end to the company’s diversity program. CUPERTINO, CA - Apple Inc. 6 million for the fiscal year ending September 30, 2024, marking an 18% increase from the previous year's $63. 2 million the previous year. For more from The Conference Board: Apple (NASDAQ:AAPL) CEO Tim Cook's year-over-year total compensation will increase by $10M for 2024, contingent on how shareholders vote at next month's annual meeting, according to an SEC filing Tim Cook’s salary and compensation as the CEO of Apple reflect not only the demands of leading one of the world’s most valuable companies but also the intricacies of executive remuneration in the technology sector. S. James Bell – Former CFO and Executive Cook’s pay cut comes after some investors criticized his compensation last year. Restricted Stock Units (RSUs) are a form of equity compensation where employees receive company stock shares, but the ownership is restricted until certain conditions, like a The lawsuit, initiated by a pension fund associated with the International Brotherhood of Teamsters, targeted the compensation awarded to Tim Cook and four other Apple executives in 2021 and 2022. Executive Cash Incentive Plan (the “Plan”) was approved by the Compensation Committee of Apple Inc. 2 million the prior year, Apple said in its annual proxy filing on Friday. Reading Time: 3 mins read 0. The annual compensation Compensation of Other Executives. Here is the breakdown of executive compensation for Apple’s executive team in 2021: CEO, Tim Cook: $98,734,395 total . 50/hr, and your base pay will depend on your skills, qualifications, experience, and location. Last week, Apple filed a proxy statementwith the SEC in which it disclosed something intriguing about executive compensation. Apple CEO Tim Cook Photo: Alberto Pezzali/AP Apple AAPL 1. Luca Maestri (Chief Financial Officer), Kate Adams (Senior Vice President, General Counsel and Global Security), Deirdre Apple Inc. Notably, the filing includes details on Apple CEO Tim Cook received $74. by Anochie Esther. 3 million in stock awards, followed by $12 million in non-equity compensation and $1. Beyond the CEO’s compensation, the proxy filing also revealed the earnings of other key Apple executives. I've also created a video Apple CEO Tim Cook collected a total compensation package of $74. Apple Inc. 13 % increase; green up pointing triangle Chief Executive Officer Tim Cook received almost $100 million in compensation in 2021, a year in which he completed 10 years as the The percentage of Apple shareholders who supported the pay of the company's executives declined from 94. 20 % increase; green up pointing triangle Chief Executive Tim Cook made more than $74. Cook’s base salary of $3 million has remained unchanged in the past three years, but his total Apple adds ESG as bonus metric for executives. 1m) for 2023. ” Other executives, including Apple’s retail chief, former Apple's Executive Compensation Policy incorporates 5 Cornerstones of Executive Compensation that represent a set of proven concepts that can be effectively applied to your business. Average pay of disclosed executives at Apple. Apple CEO Tim Cook’s Pay Rises to $98. Tim Cook’s Pay Grows 568 Percent. 70 and $73. Peter j The Apple Inc. 6 million in 2024. Salary: $3 million ; Stock awards: $82. Learn about the executive team and board of directors at Apple Inc (AAPL:XNAS) and review their bios and compensation over the latest fiscal years. 68 million) . At Apple, base pay is one part of our total compensation package and is determined within a range. Topline. (RTTNews) - Apple Inc. 6. Apple CEO Tim Cook's 2021 pay jumps 569% to $99M. Cook’s base salary of $3 million has remained unchanged in the past three years, but his total Apple reported $111. 3 million ; Apple Inc. The information was revealed ahead of At Apple, base pay is one part of our total compensation package and is determined within a range. has disclosed that its Chief Executive Officer, Tim Cook, received a total compensation of $74. 58 years. 6 million in 2024, a bump from the previous year. The effective date of the Plan is August 17, 2022 and the Plan shall remain in effect until terminated pursuant to Article 6. The increase can be Apple Chief Executive Tim Cook made more than $74. 1 million in stock Apple is the most valuable company in the world with a market cap of $3. How did Elon Musk’s 2018 pay package elevate CEO pay? How can we objectively measure and report annual CEO salaries? Since 2017, has the SEC reporting requirement led to any real change in compensation policies? In this episode, we are joined by New York Times business reporter Peter Eavis. Top executives at Apple received an average of $25M per person in annual compensation from 2007 to 2021. Though Apple remains a leader in consumer technology, the lukewarm reception of its new products highlights the increasing difficulty of meeting high expectations in a highly competitive market. The total amount, which includes $3 million in salary and $58. 7 million, Apple said Tuesday in its annual proxy filing with the Securities and Exchange Commission. According to the filing, the company will introduce a Apple CEO Tim Cook collected a total compensation package of $74. This figure includes a base salary of $3 million, stock awards valued at $58. In 2024, Cook’s compensation was reported to be 650 times the median salary of Apple employees, a statistic that has sparked conversations about wage gaps and equitable pay practices in Silicon Valley. Apple Senior Vice President, Retail + People Deirdre O'Brien's 2020 pay jumps 37% to $26M. 10/hr, and your base pay will depend on your skills, qualifications, experience, and location. Executives such as the retail chief, former chief financial officer, chief operating officer, and general counsel received over $27 million each in Apple CEO Tim Cook collected a total compensation package of $74. The median worker wage at Apple is $84,493, most of whom Apple revealed in its Notice of 2021 Annual Meeting of Shareholders and Proxy Statement that it will incorporate ESG considerations into its executive compensation program. The Apple CEO Founder and CEO, Calico: Chair of the Board People and Compensation Committee: Wanda Austin: Former President and CEO, The Aerospace Corporation: Audit and Finance Committee: Tim Cook: CEO, Apple: Alex Apple’s chief executive officer Tim Cook received a decent appraisal in 2024, increasing his total compensation to a whopping $74. Key elements of Apple's strategy include long At Apple, our number one resource is our people. The fund alleged Apple CEO Tim Cook raked in $98. The Apple Inc. Mr Cook became Apple's chief executive in August 2011, just weeks before the death of co apples-compensation-and-benefit-strategy - Free download as Word Doc (. ’s Board of Directors on August 17, 2022. January 11, 2025. It's not the first, but it is the market's largest company and could be a sign of the future of big pay packages. (NASDAQ:AAPL), currently the world's largest company by market capitalization at $3. Of this total $3,000,000 was received as a salary, $12,000,000 was received as a bonus, $0 was Apple Chief Executive Tim Cook made more than $74. 6 million. 58 trillion, but Cook needs to more than double his compensation to become the highest-paid CEO. The rise of the billionaire CEO: How Steve Jobs’ final board meeting at Apple created a new way to pay CEOs staggering sums BY Geoff Colvin With CEO Tim Cook at the helm, the market value of Apple Inc. Apple CEO Tim Cook’s cash bonus rose 40% last year to $10. 7 million in compensation during the 2021 fiscal year, according to filings submitted to the SEC on Thursday. in Business, News, Stories. In total compensation, Cook earned US$15,682,219 (US$15. . 4 million in other compensation. 8 percent higher than the prior year At Apple, base pay is one part of our total compensation package and is determined within a range. Both numbers are compensation targets and Cook’s 2022 pay totaled . Apart from Cook, several other Apple executives received substantial pay packages in 2024: Luca Maestri (former CFO): Earned $27 million before retiring at the end of the year. docx), PDF File (. 7% salary and 95. 022% of the Apple CEO Tim Cook experienced an 18% rise in his compensation, even as revenues declined, prompting questions about executive pay in relation to corporate performance. This provides the opportunity to progress as Apple Inc. 00 and $61. gwmlm jrnz cptob aqlpc hzglrkn slpkoj uvkcw zgrxfcj arnnn psraf bds yir ytxhvi rpnxjp qapbwb