After another period of strong growth and performance for Apple, Tim Cook looks set to receive awards of up to 560,000 AAPL shares this Friday.
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The stock compensation awards are split evenly between AAPL’s performance compared to other companies in the S&P 500 and Cook continuing his role as CEO. Specifically, the 280,000 shares for AAPL performance will be awarded if Apple’s stock return is greater than two-thirds of the S&P 500 companies over the last two years. As it stands AAPL has outperformed over 80% them.
As reported by Bloomberg, unless anything drastic happens in the next two days with Apple’s stock price, Cook will be awarded all 560,000 shares, worth about $125 million at the time of writing. Apple’s stock has continued to steadily climb this month after becoming the first $1 trillion-dollar company.
Last night, we heard news that Cook donated roughly $5 million worth of shares to an undisclosed charity. He previously shared three years ago that he plans to give away all his wealth, currently estimated at $600M-$700M.
For the 2017 fiscal year, Cook received a total of $102 million between salary, incentives, and equity awards. Apple’s board also voted last year to require Cook to fly privately for both business and personal travel.