Apple CEO Tim Cook made $4.25 Million This Season - John Paczkowski - news - AllThingsDAnother nugge...

1. utf8_encode(Apple CEO Tim Cook Made $4.25 Million This
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Apple CEO Tim Cook made $4.25 Million This Season - John Paczkowski - news - AllThingsD
Another nugget of knowledge through
Apple's most recent shareholder proxy: CEO Tim Cook took home a new compensation bundle
valued at $4.25 million this year, small changed in the 12 months prior.
In its annual proxy filing in Friday, Apple said Cook's spend for fiscal 2013, which ended in
September, consisted involving $1.4 million within salary and a bonus regarding $2.8 million. in
2012, Cook's compensation package deal was $4.2 million.
So Cook's pay remained steady more than those a couple of years, with 1 noteworthy exception: He
gave up about 7,123 Apple shares tied to the company's annual performance.
Because of the decline inside Apple's stock this fiscal yr your company's board made the particular
decision in which merely 72,877 shares out of the tranche https://smallsilhouette71.jux.com/1831154
associated with 80,000 should vest. Cook -- who within June explicitly requested vesting terms tied
to the company's performance -- forfeited the actual remainder.
Based upon Apple's closing stock cost of $560.09 in Friday, these shares would have been really
worth nearly $4 million.