Form 8-K/A · Current Report · Filed 2026-09-01
Apple Announces New CEO Compensation and Executive Chair Role
Apple Inc. announced the compensation arrangements for its new Chief Executive Officer, John Ternus, and Executive Chair, Tim Cook, as part of its CEO transition plan. John Ternus' annual salary was increased to $3 million, and he received a prorated restricted stock unit award with a target value of $2.5 million, along with an annual equity award of $55 million for fiscal 2027. Tim Cook's annual salary will be $2 million, and he will receive an equity award of $45 million for fiscal 2027. The equity awards for both executives include performance-based and time-based restricted stock units.
- Filer
- Apple Inc. AAPL · NASDAQ
- Filed
- Accession
- 0001140361-26-035325
- CIK
- 0000320193
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
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Reported Item
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$317.23
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$317.23
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About Apple Inc.
Apple Inc. is a leading corporation renowned for crafting and delivering a diverse array of technology products on a global scale. Specializing in consumer electronics, Apple’s flagship products include the iPhone, a series of smartphones that have significantly influenced mobile communication. Complementing this is their line of Mac computers, which blend powerful processors with the macOS operating system distinguished for its sleek design and robust performance. Apple also offers iPad tablets, noted for their versatility in both personal and professional settings, and wearables such as AirPods and the Apple Watch, which have expanded the company's reach into the personal accessories market. Beyond hardware, Apple operates a robust ecosystem of services like the App Store, a digital distribution platform for apps, and Apple Music, a significant player in the music streaming industry. By constantly innovating in hardware and digital services, Apple Inc. maintains its stature within the consumer technology sector and continues to wield substantial influence over market dynamics and consumer tech trends worldwide.
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