Apple CEO Tim Cook Sells Over $50 Million Worth of Stock

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MacRumors 1d ago

Apple CEO Tim Cook Sells Over $50 Million Worth of Stock - MacRumors

Quick Summary:

In 2023, Cook's base salary was $3 million, but he also received $47 million in stock awards, $10.7 million in performance-based bonus awards, and $2.5 million in other compensation, such as 401(k) contributions, term life insurance premiums, vacation cash-out, security expenses, and personal air travel expenses.

Apple CEO Tim Cook will soon be $50 million richer after selling 223,986 shares of Apple Stock, earning him a total of $50,276,076, according to an SEC filing.

Earlier this week, Cook was granted an additional 219,502 shares of Apple stock.54,876 shares are set to vest in one-third increments in April of 2027, 2028, and 2029.164,626 shares are performance-based and will vest on October 1, 2027.