Tim Cook Gets $47 Million to Stick Around as Apple Chair: His New Pay Check Nearly Matches New CEO John Ternus’ Package
New CEO John Ternus receives a $58 million pay package tied to Apple's performance, while Tim Cook transitions to executive chair for global policy engagement.
- 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.
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Apple’s new CEO gets a $3M salary and a $55M equity target
John Ternus will receive a base salary of $3m a year as Apple’s chief executive, roughly 5% of what the company is targeting for his total compensation. The rest is equity, according to a regulatory filing on Tuesday, the same day he took over the role. His fiscal 2026 stock award is prorated to $2.5m […] This story continues at The Next Web
New CEO John Turnbull will make his first public appearance at the launch of the new iPhones next week - Cook will continue as executive chairman with an annual salary of $2 million and another $45 million in stock
What Is John Ternus’ Salary After Becoming Apple CEO? Full Compensation Explained
John Ternus’ Apple CEO salary is set at $3 million annually, with additional compensation tied to Apple’s performance and equity awards. John Ternus will earn a $3 million annual salary as Apple CEO, alongside performance-linked stock and equity awards.
The 15-year handover marathon at technology giant Apple has come to an end. Tim Cook stepped down as CEO and began his new role, which will go down in company history. While his record-breaking salary shook the financial world, the new CEO, in his first message, signaled a massive launch.
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