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Here’s How Much Apple Is Paying John Ternus as CEO, Tim Cook as Executive Chairman

On Tuesday, John Ternus officially took over as Apple CEO, with the company revealing a $58 million annual compensation package in an SEC filing.
Ternus's $58 million package includes a $3 million salary and $55 million in annual equity awards beginning fiscal 2027, with 75% performance-based and 25% time-based RSUs.
Meanwhile, former Apple CEO Tim Cook transitioned to executive chairman, receiving a $47 million compensation package including a $2 million salary and $45 million in equity awards.
Cook will manage Apple's relationships with President Trump and the Chinese government in his new capacity, while executive Eddy Cue adds App Store oversight to his responsibilities.
Ternus also received a one-time prorated $2.5 million restricted stock unit grant for his 2026 service, marking the end of Cook's 15-year tenure as CEO.

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Apple CEO John Ternus started Tuesday. His $55 million award starts next year

Apple tied 75% of the new CEO’s annual equity target to shareholder return relative to the S&P 500. Neither award is granted until fiscal 2027

38 minutes ago·New York, United States

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The Straits Times

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Apple sets pay targets at $73 million for John Ternus, $59 million for Tim Cook

Cook, 65, is handing the reins to Ternus, 51, after a 15-year tenure. Read more at straitstimes.com.

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Deadline

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Apple Unveils Pay Package For New CEO John Ternus

Apple set a pay package worth $58 million for new CEO John Ternus, who formally took the reins from longtime chief executive Tim Cook today. His compensation includes a $3 million annual salary and equity awards valued at $55 million to be awarded in the company’s fiscal 2027, which starts in October. The tech giant […]

2 hours ago·Los Angeles, United States

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Mass Live

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See what Apple is paying its new CEO, executive chair

“We’re so lucky to have had a CEO who led with his values and with such decency and humanity."

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The Wrap

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New Apple CEO John Ternus Eyes $58 Million Pay Package After Succeeding Tim Cook

Cook, who moves to an executive chair role, is eligible for a $47 million compensation package The post New Apple CEO John Ternus Eyes $58 Million Pay Package After Succeeding Tim Cook appeared first on TheWrap.

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