Apple Inc. Executive Salary: Equity Awards and Other Pay Tables
Every other executive pay table in the proxy statement (grants of awards, outstanding awards, options exercised and stock vested, deferred pay, payments on leaving or a change in control), one row per person per table, with each filed column and value.
- 2022: Table Grants of Plan-Based Awards; Person Tim Cook; As filed Award Type:.
- 2022: Table Grants of Plan-Based Awards; Person Tim Cook; As filed Award Type:.
- 2022: Table Grants of Plan-Based Awards; Person Tim Cook; As filed Award Type:.
- 2022: Table Grants of Plan-Based Awards; Person Luca Maestri; As filed Award Type:.
| Fiscal year | Table | Person | As filed |
|---|---|---|---|
| 2022 | Grants of Plan-Based Awards | Tim Cook | Award Type: Cash Incentive Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Threshold ($)(c): 3,000,000 Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Target ($)(d): 6,000,000 Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Maximum ($)(e): 12,000,000 |
| 2022 | Grants of Plan-Based Awards | Tim Cook | Award Type: Performance-
based RSUs Grant Date (b): 9/26/2021 Estimated Future Payouts Under Equity Incentive Plan Awards | Threshold (#)(f): 63,810 Estimated Future Payouts Under Equity Incentive Plan Awards | Target (#)(g): 255,241 Estimated Future Payouts Under Equity Incentive Plan Awards | Maximum (#)(h): 510,482 Grant Date Fair Value of Stock and Option Awards(1) ($)(j): 45,494,156 |
| 2022 | Grants of Plan-Based Awards | Tim Cook | Award Type: Time-
based RSUs Grant Date (b): 9/26/2021 All Other Stock Awards: Number of Shares of Stock or Units (#)(i): 255,241 Grant Date Fair Value of Stock and Option Awards(1) ($)(j): 37,500,008 |
| 2022 | Grants of Plan-Based Awards | Luca Maestri | Award Type: Cash Incentive Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Threshold ($)(c): 1,000,000 Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Target ($)(d): 2,000,000 Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Maximum ($)(e): 4,000,000 |
| 2022 | Grants of Plan-Based Awards | Luca Maestri | Award Type: Performance-
based RSUs Grant Date (b): 9/26/2021 Estimated Future Payouts Under Equity Incentive Plan Awards | Threshold (#)(f): 17,016 Estimated Future Payouts Under Equity Incentive Plan Awards | Target (#)(g): 68,065 Estimated Future Payouts Under Equity Incentive Plan Awards | Maximum (#)(h): 136,130 Grant Date Fair Value of Stock and Option Awards(1) ($)(j): 12,131,906 |
| 2022 | Grants of Plan-Based Awards | Luca Maestri | Award Type: Time-
based RSUs Grant Date (b): 9/26/2021 All Other Stock Awards: Number of Shares of Stock or Units (#)(i): 68,065 Grant Date Fair Value of Stock and Option Awards(1) ($)(j): 10,000,110 |
| 2022 | Grants of Plan-Based Awards | Kate Adams | Award Type: Cash Incentive Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Threshold ($)(c): 1,000,000 Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Target ($)(d): 2,000,000 Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Maximum ($)(e): 4,000,000 |
| 2022 | Grants of Plan-Based Awards | Kate Adams | Award Type: Performance-
based RSUs Grant Date (b): 9/26/2021 Estimated Future Payouts Under Equity Incentive Plan Awards | Threshold (#)(f): 17,016 Estimated Future Payouts Under Equity Incentive Plan Awards | Target (#)(g): 68,065 Estimated Future Payouts Under Equity Incentive Plan Awards | Maximum (#)(h): 136,130 Grant Date Fair Value of Stock and Option Awards(1) ($)(j): 12,131,906 |
| 2022 | Grants of Plan-Based Awards | Kate Adams | Award Type: Time-
based RSUs Grant Date (b): 9/26/2021 All Other Stock Awards: Number of Shares of Stock or Units (#)(i): 68,065 Grant Date Fair Value of Stock and Option Awards(1) ($)(j): 10,000,110 |
| 2022 | Grants of Plan-Based Awards | Deirdre O’Brien | Award Type: Cash Incentive Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Threshold ($)(c): 1,000,000 Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Target ($)(d): 2,000,000 Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Maximum ($)(e): 4,000,000 |
| 2022 | Grants of Plan-Based Awards | Deirdre O’Brien | Award Type: Performance-
based RSUs Grant Date (b): 9/26/2021 Estimated Future Payouts Under Equity Incentive Plan Awards | Threshold (#)(f): 17,016 Estimated Future Payouts Under Equity Incentive Plan Awards | Target (#)(g): 68,065 Estimated Future Payouts Under Equity Incentive Plan Awards | Maximum (#)(h): 136,130 Grant Date Fair Value of Stock and Option Awards(1) ($)(j): 12,131,906 |
| 2022 | Grants of Plan-Based Awards | Deirdre O’Brien | Award Type: Time-
based RSUs Grant Date (b): 9/26/2021 All Other Stock Awards: Number of Shares of Stock or Units (#)(i): 68,065 Grant Date Fair Value of Stock and Option Awards(1) ($)(j): 10,000,110 |
| 2022 | Grants of Plan-Based Awards | Jeff Williams | Award Type: Cash Incentive Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Threshold ($)(c): 1,000,000 Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Target ($)(d): 2,000,000 Estimated Future Payouts Under Non-Equity Incentive Plan Awards | Maximum ($)(e): 4,000,000 |
| 2022 | Grants of Plan-Based Awards | Jeff Williams | Award Type: Performance-
based RSUs Grant Date (b): 9/26/2021 Estimated Future Payouts Under Equity Incentive Plan Awards | Threshold (#)(f): 17,016 Estimated Future Payouts Under Equity Incentive Plan Awards | Target (#)(g): 68,065 Estimated Future Payouts Under Equity Incentive Plan Awards | Maximum (#)(h): 136,130 Grant Date Fair Value of Stock and Option Awards(1) ($)(j): 12,131,906 |
| 2022 | Grants of Plan-Based Awards | Jeff Williams | Award Type: Time-
based RSUs Grant Date (b): 9/26/2021 All Other Stock Awards: Number of Shares of Stock or Units (#)(i): 68,065 Grant Date Fair Value of Stock and Option Awards(1) ($)(j): 10,000,110 |
| 2022 | Grants of Plan-Based Awards | Jeff Williams | Name (a) | Threshold ($)(c): (1) The grant date fair value for time-based RSUs is calculated in accordance with FASB ASC 718 based on the closing price of Apple’s common stock on the date of grant. The grant date fair value for performance-based RSUs is calculated using a Monte-Carlo model for each award on the date of grant, determined under FASB ASC 718, incorporating the following assumptions: |
| 2022 | Grants of Plan-Based Awards | null | Grant Date: 9/26/2021 Performance Period End Date: 9/28/2024 Assumptions | Expected Term (years): 3.01 Assumptions | Expected Volatility: 35.47% Assumptions | Risk-Free Interest Rate: 0.55% |
| 2022 | Grants of Plan-Based Awards | null | Grant Date | Expected Term (years): Apple used its historical stock prices as the basis for the volatility assumptions. The risk-free interest rates were based on U.S. Treasury rates in effect at the time of grant. The expected term was based on the time remaining in the performance period on the grant date. |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Tim Cook | Grant Date (b): 9/27/2020 Number of Shares or Units of Stock That Have Not Vested (#)(c): 333,987(2) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 50,241,664 Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(e): 333,987(2)(3) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) ($)(f): 50,241,664 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Tim Cook | Grant Date (b): 9/26/2021 Number of Shares or Units of Stock That Have Not Vested (#)(c): 255,241(4) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 38,395,904 Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(e): 255,241(3)(4) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) ($)(f): 38,395,904 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Luca Maestri | Grant Date (b): 9/30/2018 Number of Shares or Units of Stock That Have Not Vested (#)(c): 59,064(5) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 8,884,998 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Luca Maestri | Grant Date (b): 9/29/2019 Number of Shares or Units of Stock That Have Not Vested (#)(c): 121,864(6) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 18,332,002 Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(e): 182,800(3)(7) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) ($)(f): 27,498,604 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Luca Maestri | Grant Date (b): 9/27/2020 Number of Shares or Units of Stock That Have Not Vested (#)(c): 89,064(2) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 13,397,898 Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(e): 89,064(2)(3) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) ($)(f): 13,397,898 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Luca Maestri | Grant Date (b): 9/26/2021 Number of Shares or Units of Stock That Have Not Vested (#)(c): 68,065(4) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 10,239,018 Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(e): 68,065(3)(4) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) ($)(f): 10,239,018 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Kate Adams | Grant Date (b): 9/30/2018 Number of Shares or Units of Stock That Have Not Vested (#)(c): 59,064(5) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 8,884,998 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Kate Adams | Grant Date (b): 9/29/2019 Number of Shares or Units of Stock That Have Not Vested (#)(c): 121,864(6) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 18,332,002 Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(e): 182,800(3)(7) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) ($)(f): 27,498,604 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Kate Adams | Grant Date (b): 9/27/2020 Number of Shares or Units of Stock That Have Not Vested (#)(c): 89,064(2) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 13,397,898 Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(e): 89,064(2)(3) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) ($)(f): 13,397,898 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Kate Adams | Grant Date (b): 9/26/2021 Number of Shares or Units of Stock That Have Not Vested (#)(c): 68,065(4) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 10,239,018 Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(e): 68,065(3)(4) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) ($)(f): 10,239,018 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Deirdre O’Brien | Grant Date (b): 9/30/2018 Number of Shares or Units of Stock That Have Not Vested (#)(c): 16,612(8) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 2,498,943 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Deirdre O’Brien | Grant Date (b): 2/5/2019 Number of Shares or Units of Stock That Have Not Vested (#)(c): 31,896(9) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 4,798,115 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Deirdre O’Brien | Grant Date (b): 9/29/2019 Number of Shares or Units of Stock That Have Not Vested (#)(c): 121,864(6) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 18,332,002 Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(e): 182,800(3)(7) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) ($)(f): 27,498,604 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Deirdre O’Brien | Grant Date (b): 9/27/2020 Number of Shares or Units of Stock That Have Not Vested (#)(c): 89,064(2) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 13,397,898 Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(e): 89,064(2)(3) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) ($)(f): 13,397,898 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Deirdre O’Brien | Grant Date (b): 9/26/2021 Number of Shares or Units of Stock That Have Not Vested (#)(c): 68,065(4) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 10,239,018 Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(e): 68,065(3)(4) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) ($)(f): 10,239,018 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Jeff Williams | Grant Date (b): 9/30/2018 Number of Shares or Units of Stock That Have Not Vested (#)(c): 59,064(5) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 8,884,998 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Jeff Williams | Grant Date (b): 9/29/2019 Number of Shares or Units of Stock That Have Not Vested (#)(c): 121,864(6) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 18,332,002 Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(e): 182,800(3)(7) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) ($)(f): 27,498,604 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Jeff Williams | Grant Date (b): 9/27/2020 Number of Shares or Units of Stock That Have Not Vested (#)(c): 89,064(2) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 13,397,898 Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(e): 89,064(2)(3) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) ($)(f): 13,397,898 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Jeff Williams | Grant Date (b): 9/26/2021 Number of Shares or Units of Stock That Have Not Vested (#)(c): 68,065(4) Market Value of Shares or Units of Stock That Have Not Vested(1) ($)(d): 10,239,018 Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(e): 68,065(3)(4) Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested(1) ($)(f): 10,239,018 |
| 2022 | Outstanding Equity Awards at Fiscal Year-End | Jeff Williams | Name (a): (1) The dollar amounts shown in columns (d) and (f) are determined by multiplying the number of shares or units shown in column (c) or (e), as applicable, by $150.43, the closing price of Apple’s common stock on September 23, 2022, the last trading day of Apple’s fiscal year. (2) Subject to the terms of the award agreement, the time-based RSUs subject to this award are scheduled to vest or be released, as applicable, in three annual installments commencing on April 1, 2023. Subject to the terms of the award agreement, the performance-based RSUs subject to this award are scheduled to vest or be released, as applicable, on October 1, 2023, provided the applicable performance condition is satisfied. (3) The target number of performance-based RSUs is shown. As described under “Executive Compensation—Compensation Discussion and Analysis,” in each case, between 0% and 200% of the target number of performance-based RSUs may vest depending on Apple’s Relative TSR compared to the other companies in the S&P 500 over the relevant performance period. (4) Subject to the terms of the award agreement, the time-based RSUs subject to this award are scheduled to vest or be released, as applicable, in three annual installments commencing on April 1, 2024. Subject to the terms of the award agreement, the performance-based RSUs subject to this award are scheduled to vest or be released, as applicable, on October 1, 2024, provided the applicable performance condition is satisfied. (5) 59,064 RSUs subject to this award vested on April 1, 2022, and subject to the terms of the award agreement, the remaining 59,064 time-based RSUs are scheduled to vest on April 1, 2023, provided the officer continues to be employed with Apple through the applicable vesting date. |
| 2022 | Option Exercises and Stock Vested | Tim Cook | |
| 2022 | Option Exercises and Stock Vested | Luca Maestri | Stock Awards | Number of Shares Acquired on Vesting (#)(b): 559,324 Stock Awards | Value Realized on Vesting ($)(c)(1): 87,717,519 |
| 2022 | Option Exercises and Stock Vested | Kate Adams | Stock Awards | Number of Shares Acquired on Vesting (#)(b): 474,392 Stock Awards | Value Realized on Vesting ($)(c)(1): 72,614,486 |
| 2022 | Option Exercises and Stock Vested | Deirdre O’Brien | Stock Awards | Number of Shares Acquired on Vesting (#)(b): 339,724 Stock Awards | Value Realized on Vesting ($)(c)(1): 52,374,037 |
| 2022 | Option Exercises and Stock Vested | Jeff Williams | Stock Awards | Number of Shares Acquired on Vesting (#)(b): 559,324 Stock Awards | Value Realized on Vesting ($)(c)(1): 87,717,519 |
| 2022 | Option Exercises and Stock Vested | Jeff Williams | Name (a) | Number of Shares Acquired on Vesting (#)(b): (1) The dollar amounts shown in column (c) are determined by multiplying the number of shares acquired on vesting by the per-share closing price of Apple’s common stock on the vesting date, plus dividend equivalents attributable to such shares in the amount of $1,441,803 for each of Mr. Maestri and Mr. Williams; $1,143,267 for Ms. Adams; and $797,840 for Ms. O’Brien. |
| 2022 | Nonqualified Deferred Compensation | Kate Adams | Executive Contributions ($)(b)(1): 3,600,000(2) Aggregate Earnings ($)(d): (996,075) Aggregate Balance at September 24, 2022 ($)(f): 4,203,162(3) |
| 2022 | Nonqualified Deferred Compensation | Kate Adams | Name (a): (1) Mr. Cook, Mr. Maestri, Ms. O’Brien, and Mr. Williams did not participate in the Deferred Compensation Plan. (2) Reflects the portion of Ms. Adams’ annual cash incentive payout deferred and contributed to the Deferred Compensation Plan. The payout was reflected in the “Non-Equity Incentive Plan Compensation” column of the “Summary Compensation Table—2022, 2021, and 2020,” under 2021, the year it was earned. (3) The balance reflects $4,903,650 that was reported as compensation in the “Summary Compensation Table” in prior years. |
| 2022 | Potential Payments upon Termination or Change in Control | Tim Cook | Estimated Total Value upon Retirement(1) ($): 152,478,425 Estimated Total Value upon Death(1) ($): 268,355,287 Estimated Total Value upon Disability(1) ($): 268,355,287 |
| 2022 | Potential Payments upon Termination or Change in Control | Luca Maestri | Estimated Total Value upon Death(1) ($): 132,188,738 Estimated Total Value upon Disability(1) ($): 94,543,146 |
| 2022 | Potential Payments upon Termination or Change in Control | Kate Adams | Estimated Total Value upon Death(1) ($): 132,188,738 Estimated Total Value upon Disability(1) ($): 94,543,146 |
| 2022 | Potential Payments upon Termination or Change in Control | Deirdre O’Brien | Estimated Total Value upon Death(1) ($): 130,560,196 Estimated Total Value upon Disability(1) ($): 93,093,969 |
| 2022 | Potential Payments upon Termination or Change in Control | Jeff Williams | Estimated Total Value upon Death(1) ($): 132,188,738 Estimated Total Value upon Disability(1) ($): 94,543,146 |
| 2022 | Potential Payments upon Termination or Change in Control | Jeff Williams |