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Tim Cook receives $ 750 million worth of Apple stock

Apple CEO Tim Cook will be attending Apple’s “Ted Lasso” Season 2 Premiere at the Pacific Design Center on July 15, 2021 in West Hollywood, CA.

Axel / Bauer-Griffin | FilmMagic | Getty Images

Apple CEO Tim Cook received more than 5 million shares of Apple shares this week, selling most of them for more than $ 750 million, according to an SEC filing posted by Apple on Thursday.

The stock tranche is the last part of the compensation package that Cook received when he became CEO of Apple 10 years ago. Last year he got a new reward package that will run until 2026. Most of Cook’s compensation is in the form of restricted stock units.

Cook received the maximum amount of eligible shares under the 2011 agreement. This relied on the performance of Apple’s stock compared to other companies in the S & P 500.

According to Filing, Apple is one-third of the cohort, with a total shareholder return rate of 191.83% over the last three years, ranking 13th out of 442 companies.

Since Cook became CEO in 2011, Apple’s share price has risen by more than 1,200%.

Earlier this week, Cook donated about $ 10 million worth of Apple stock to an unnamed charity, according to SEC Filing. Cook had previously stated that he would donate all his property to a charity. Apple personnel did not respond to requests for comment.

Tim Cook receives $ 750 million worth of Apple stock

Source link Tim Cook receives $ 750 million worth of Apple stock

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