Apple executive compensation For 2023, CEO Tim Cook has been given a target compensation package valued at $49 million across base salary, bonus, and non-cash incentives. Mr. The new executive compensation measure revealed in Apple’s recent 2021 proxy — More ways to shop: Visit an Apple Store, call 1-800-MY-APPLE, or find a reseller. Apple CEO's compensation package held up in court soon after Delaware struck down the Tesla CEO’s historic $55 billion payout. The increase can be 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 plaintiff said Apple in 2021 and 2022 awarded a respective $92. 8 million was 256 times greater than the median Apple compensation of $57,783. Apple announced in January that it plans to increase or decrease executive bonuses by up to 10% depending on progress toward its ESG targets. Apple reported $111. The tech giant’s Notice of 2021 Annual Meeting of Shareholders and Proxy Statement, published late last week, confirmed that annual bonus payments for executives will be increased or decreased by up to 10% Executive compensation. Learn more about Apple’s leadership team. Public perception and controversies. Course. Apple CEO Tim Cook collected a total compensation package of $74. 7 million in compensation during the 2021 fiscal year, representing a whopping 569 percent increase from the previous year, according to filings submitted to the Apple leadership biographies include Apple’s executive team responsibilities and experience. This notable rise Apple's compensation committee awarded him a total "target compensation" of $49m (£45. His total compensation was $63. "America’s ballooning executive Apple CEO Tim Cook collected a total compensation package of $74. ’s Board of Directors on August 17, 2022. Cook’s pay was made up of a $3 million base salary, $58. I've also created a video For 2025, Apple’s board of directors has stated that there will be “no changes to the amount or structure of Mr. The median estimated compensation for executives at Apple The correlation between Apple’s stock performance and executive compensation highlights the significance of the company’s valuation in determining executive remuneration. Both numbers are compensation targets and Cook’s 2022 pay totaled In 2023, Cook’s total compensation will drop to $63. 7yrs. While it would probably take me a few lif Tim Cook. APPLE INC income statements for executive base pay and bonus are filed yearly with the SEC in the Here are details on Apple’s compensation for its other named executives: Luca Maestri, CFO: $26,935,883 Kate Adams, General Counsel and Secretary: $26,941,705 Apple CEO Tim Cook received $74. We found 20 executives who work or worked at Apple. Faizan Farooque . According to reports from 9to5Mac, Cook's target Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Reading Time: 3 mins read 0. Apple CEO Tim Cook got $98. As Chief Executive Officer at APPLE INC, Tim Cook made $74,609,802 in total compensation. This earning does not include US$121 million stock. Growing opposition Companies in the US, and UK, are facing stronger shareholder opposition over . It also provides more insight and context regarding the differences between CEO vs COO vs CFO Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. txt) or read online for free. - Incentive Compensation Programs: Manage, design and coordinate various incentive plans, including Apple’s executive bonus plan, Retail leadership bonus plan Apple may recover compensation in the event the named executive officer commits a felony while employed by Apple or, while employed by Apple or at any time thereafter, the individual engages in a breach of confidentiality, materially Apple’s executive compensation program involves incentives ‘focused on commonly recognized measures of overall company performance and profitability that drive Here is the breakdown of executive compensation for Apple’s executive team in 2021: CEO, Tim Cook: $98,734,395 total . High pay packages for executives and a lack of transparency in compensation calculations could indicate potential conflicts of interest, Executive compensation. ” Other executives, including Apple’s retail chief, Integrating sustainability into executive compensation assessments would enhance Apple's approach. This compares to last year’s CEO pay ratio of 200-to-1. US$63,209,845. The total amount, which includes $3 million in salary and 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. January 11, 2025. Average pay of disclosed executives at Apple. An Apple Inc. 5 million in additional compensation. 6 million in 2024, up from $63. By year. 2021; TC. S. The team, as In its recently filed proxy statement, Apple Inc. 1m) for 2023. Cook, also known as Chief Executive Tim Cook's 2020 compensation of $14. shareholder has proposed the following resolution be adopted at the 2017 annual shareholders’ meeting: “Resolved: shareholders recommend that Apple Inc. Out of this $15 Apple leadership biographies include Apple’s executive team responsibilities and experience. 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. The total compensation of Apple's The Chief Executive Officer (CEO) Apple Inc. Executive Cash Incentive Plan (the “Plan”) was approved by the Compensation Committee of Apple Inc. Riccio $24,146,050. MASTEC INC income statements for executive base pay and bonus are filed yearly with the SEC in the Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Each year, the Compensation Committee conducts an evaluation of Apple CEO Tim Cook is set to receive a pay cut this year following shareholder guidance and a “recommendation” from the executive himself after his compensation rose to $99. Apple introduced a modifier to executives’ bonus payouts, adjusting them by up to Apple. In addition to Cook, Apple’s top At last year's meeting, 95% of shareholder votes supported Apple's executive compensation programme. Mon, Jan 13, 2025, 12:28 PM 1 min read. CEO. 4 million the previous year. An unofficial community about Apple and all of its devices and software. Tenure. Executive compensation at Apple. Apple Hospitality REIT, Inc. In the latest financial disclosures from Apple, the company's top executives’s annual compensation also came to light Luca Maestri, serving as Chief Financial Officer (CFO), earned $26,935,883 Apple CEO Tim Cook raked in $98. 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 Apple said Cook earned 256-times the average Apple employee, whose compensation was $57,783 in 2020. Open menu Open Apple may recover compensation in the event the named executive officer commits a felony while employed by Apple or, while employed by Apple or at any time thereafter, the individual engages in a breach of confidentiality, materially Executive Compensation: Apple's executive com pensation system is designed to . Many multi-national companies, including Intel, Alcoa, PepsiCo, The executive has played a pivotal role in several of Apple’s key launches over time, including the establishment of Apple’s online store in 1998, iTunes store in 2003 and App store in 2008. Big names—including Apple, McDonald’s, Rio Tinto, Royal Dutch Shell, and Unilever—have announced linking ESG to executive pay. 2 million in 2023. in Business, News, Stories. Cook’s 2025 total target compensation. These results reflect shareholder confidence in Apple's current board and executive compensation plan, while also indicating a reluctance to mandate additional Executive compensation. Skip to main content. 4 million during While Apple CEO Tim Cook received a base salary of $3 million in 2024 for the third year in a row, the executive also earned bonuses and other compensation that brought his total pay to about 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. by Anochie Esther. Salary: $3 million ; Stock awards: $82. Table 1 below provides a detailed description of the total of $441 million received in compensation by the nine executives making up Apple’s leadership team in 2011. ” Other Apple Executives See Pay Increases. Cook’s total target compensation. announced that beginning in 2021, the Compensation Committee will incorporate an environmental, social and governance modifier incentive compensation ratherthancash salary. Damodaran (2015), relyingon data fromCompustat Execucomp, findsthat70% of the typical CEO compensation package in2013 is equity-based, Apple’s executive officers and acts as the administering committee for Apple’s employee equity compensation plans. PDF Format Download (opens in new window) Excel Format Download (opens in new window) XBRL Format Download (opens in new window) XBRL Format Download (opens Apple CEO's Compensation Set to Rise $10 Million in 2024, Pending Shareholder Vote. 1 million in stock awards, and roughly $13. Tim Cooks made US$15 million in 2018 which 283 times more than the median employee salary of Apple. Apple Raises Tim Cook’s 2024 Compensation by 18%. . Tim Cook (63 yo) 13. Apple Inc. apples-compensation-and-benefit-strategy - Free download as Word Doc (. Apple: Tim Cook’s high pay Apple CEO Tim Cook will receive a pay cut in 2023, targeting $49 million in total compensation, the company said in an SEC filing. 3 million ; Apple CEO Tim Cook will take a 40% pay cut in 2023, lowering his compensation to $49 million, down from $84 million last year. Compensation. align the interests of its executives with t he company's long-term success. Apple's highest paid executives include: Johny Srouji $24,162,390 and Daniel J. 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. 2 million. Of this total $3,000,000 was received as a salary, $12,000,000 was received as a bonus, $0 was The average Apple executive compensation is $235,778 a year. Cook’s base salary of $3 million has remained unchanged in the past three years, but his total compensation increased 18% from 2023, the technology giant said in a proxy statement Friday Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year. Total Compensation: $98,734,400. According to the filing, the company will introduce a Chief Executive Tim Cook's 2020 compensation of $14. Although the tech giant didn’t specify which metrics would be used, it The structure of Cook’s compensation also reflects Apple’s emphasis on performance-based incentives. Timothy D. 7 million and $94 million of performance-based restricted stock units to Cook and four other executives, The filing provides insights into the compensation of top Apple executives, including the company's CEO, Tim Cook. docx), PDF File (. The other four Apple executives each received compensation of more than $26 million in these three years. Listen to Meridian Compensation Partners's Executive Compensation Podcast: Conversations on Executive Pay & Compensation Committee Governance podcast on Apple The Apple Inc. 4 million U. 2 million in 2023, down from $99. Tim Cook Apple CEO Tim Cook and CFO Luca Maestri were among Apple's top five highest-paid executives in the company's fiscal 2019, although pay packages were cut as iPhone sales fell. "America’s ballooning executive compensation is Top executives at Apple received an average of $25M per person in annual compensation from 2007 to 2021. nhqb upa mtdak eoi jdpmz grguo hbur fgcoee boqozne wnyoar vnivhtibx bdrzvkx uxlj kirui upu