Apple Inc. Executive Salary: Other Pay Mentions
Every other pay amount the proxy statement mentions in its text (retainers, sign-on and relocation payments, arrangements), with the filed sentence.
- 2006: Person Steven P. Jobs; Amount $634.00M; As filed “In fiscal years 2000 and 2002, Chairman and CEO Steven Jobs was granted 27,500,000 stock options with a grant-date estimated value (assuming 5% stock price appreciation) greater than $634 million.”.
- 2006: Person Steven P. Jobs; Amount $90.00M; As filed “In December 1999, Mr. Jobs was given a special executive bonus in the form of an aircraft with a total cost to the Company of approximately $90,000,000 for past services as the Company’s interim CEO.”.
- 2006: Person Steven P. Jobs; Amount $74.75M; As filed “In March 2003, Mr. Jobs voluntarily cancelled all of these options, which were underwater at the time, and the Board approved a new restricted stock award of 5,000,000 shares valued at $74,750,000.”.
- 2006: Person Timothy D. Cook; Amount $10.57M; As filed “In 2001, COO Timothy Cook was granted 1,000,000 stock options, with a grant-date estimated value (assuming 5% appreciation) of $10,573,291; in 2004 he a received a restricted stock award of 600,000 shares valued at $7,650,000.”.
| Fiscal year | Person | Amount | As filed |
|---|---|---|---|
| 2006 | Steven P. Jobs | $634.00M | “In fiscal years 2000 and 2002, Chairman and CEO Steven Jobs was granted 27,500,000 stock options with a grant-date estimated value (assuming 5% stock price appreciation) greater than $634 million.” |
| 2006 | Steven P. Jobs | $90.00M | “In December 1999, Mr. Jobs was given a special executive bonus in the form of an aircraft with a total cost to the Company of approximately $90,000,000 for past services as the Company’s interim CEO.” |
| 2006 | Steven P. Jobs | $74.75M | “In March 2003, Mr. Jobs voluntarily cancelled all of these options, which were underwater at the time, and the Board approved a new restricted stock award of 5,000,000 shares valued at $74,750,000.” |
| 2006 | Timothy D. Cook | $10.57M | “In 2001, COO Timothy Cook was granted 1,000,000 stock options, with a grant-date estimated value (assuming 5% appreciation) of $10,573,291; in 2004 he a received a restricted stock award of 600,000 shares valued at $7,650,000.” |
| 2006 | Timothy D. Cook | “In fiscal years 2003 through 2005, Mr. Cook exercised 3,900,000 options, realizing over $38.7 million in profits; yet he owns just 12,597 shares outright.” |