Apple Inc. Chief Executive Tim Cook raked in nearly $100 million last year in compensation, nearly seven times what he earned in 2020, according to filings submitted to the Securities and Exchange Commission.
Here’s how the pay breaks down: Cook received $3 million in base salary, $12 million in non-equity compensation, $1.4 million in other compensation, and $82.3 million in restricted Apple stock units. The total does not include $750 million in stock that vested last year, the final tranche from a massive stock package bestowed on Cook when he took over as CEO from cofounder Steve Jobs in 2011.
With the expiration of the restricted stock units, or RSU, award that Cook received when he became CEO, Apple established a new plan for Cook, as the company had previously disclosed. The new award, valued at $82.3 million in the filing but potentially worth much more, pushed Cook’s compensation