As noted by MacRumors, Apple has filed a form 8-K with the SEC to announce this week’s changes to Apple’s executive board. Notably, Apple has awarded 1,000,000 stock shares to new CEO Tim Cook.
In connection with Mr. Cook’s appointment as Chief Executive Officer, the Board awarded Mr. Cook 1,000,000 restricted stock units. Fifty percent of the restricted stock units are scheduled to vest on each of August 24, 2016 and August 24, 2021, subject to Mr. Cook’s continued employment with Apple through each such date.
That comes out to around $383M at the current stock price.
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[…] you may remember that Tim Cook was just awarded 1,000,000 Apple shares, which half will be awarded in 2016 and the other half in 2021. Cook’s […]