An SEC filing has revealed that Apple granted its incoming retail Angela Ahrendts 113,334 shares in the company. At today’s price (which hit $600 for the first time since the end of 2012), that comes out to about $68 million. Of course, as usual, she’ll need to wait to get the full payout—in this case the stocks will fully vest in 2018.
For comparison, John Browett, the company’s former retail chief, got 100,000 shares when he joined the company, or about $61 million at the time.
Ahrendts officially joined Apple last week after being announced as the company’s new Senior Vice President of Retail in October of last year. Apple had been without an executive filling that role since John Browett was ousted October of 2012 following a campaign by Apple employees to have him removed from the position over unpopular changes Browett had made during his short time with the company.
Apple CEO Tim Cook praised Ahrendts last year, saying “she shares [Apple’s] values and focus on innovation” and citing her desire to create an excellent customer experience as a factor in her selection.