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Apple Inc. (AAPL) Executive Salary: Other Pay Mentions, 2013

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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.

  • 2013: Person Timothy Cook; Amount $1.00M; As filed “In addition, as a result of the modification of Mr. Cook’s 2011 RSU award to add pre-determined performance criteria, the tranches of the award subject to performance criteria with measurement periods that begin after the modification are expected to be excluded from the $1 million deduction limit.”.
  • 2013: Person Timothy Cook; Amount $1.00M; As filed “However, the Company’s RSU awards with only time-based vesting requirements, and the tranche of Mr. Cook’s 2011 RSU award with a performance measurement period that commenced before the date of the modification, do not qualify for tax deductibility under Section 162(m) to the extent the $1 million limit is exceeded.”.
  • 2013: Person Arthur Levinson; Amount $200.00K; As filed “The Chairman of the Board, Dr. Levinson, receives an additional annual retainer of $200,000; the Chair of the Audit Committee, Dr. Sugar, receives an additional retainer of $25,000; the Chair of the Compensation Committee, Ms. Jung, receives an additional annual retainer of $20,000; and the Chair of the Nominating Committee, Mr. Campbell, receives an additional annual retainer of $15,000.”.
  • 2013: Person Ronald Sugar; Amount $25.00K; As filed “The Chairman of the Board, Dr. Levinson, receives an additional annual retainer of $200,000; the Chair of the Audit Committee, Dr. Sugar, receives an additional retainer of $25,000; the Chair of the Compensation Committee, Ms. Jung, receives an additional annual retainer of $20,000; and the Chair of the Nominating Committee, Mr. Campbell, receives an additional annual retainer of $15,000.”.
Fiscal yearPersonAmountAs filed
2013Timothy Cook$1.00M“In addition, as a result of the modification of Mr. Cook’s 2011 RSU award to add pre-determined performance criteria, the tranches of the award subject to performance criteria with measurement periods that begin after the modification are expected to be excluded from the $1 million deduction limit.”
2013Timothy Cook$1.00M“However, the Company’s RSU awards with only time-based vesting requirements, and the tranche of Mr. Cook’s 2011 RSU award with a performance measurement period that commenced before the date of the modification, do not qualify for tax deductibility under Section 162(m) to the extent the $1 million limit is exceeded.”
2013Arthur Levinson$200.00K“The Chairman of the Board, Dr. Levinson, receives an additional annual retainer of $200,000; the Chair of the Audit Committee, Dr. Sugar, receives an additional retainer of $25,000; the Chair of the Compensation Committee, Ms. Jung, receives an additional annual retainer of $20,000; and the Chair of the Nominating Committee, Mr. Campbell, receives an additional annual retainer of $15,000.”
2013Ronald Sugar$25.00K“The Chairman of the Board, Dr. Levinson, receives an additional annual retainer of $200,000; the Chair of the Audit Committee, Dr. Sugar, receives an additional retainer of $25,000; the Chair of the Compensation Committee, Ms. Jung, receives an additional annual retainer of $20,000; and the Chair of the Nominating Committee, Mr. Campbell, receives an additional annual retainer of $15,000.”
2013William Campbell$15.00K“The Chairman of the Board, Dr. Levinson, receives an additional annual retainer of $200,000; the Chair of the Audit Committee, Dr. Sugar, receives an additional retainer of $25,000; the Chair of the Compensation Committee, Ms. Jung, receives an additional annual retainer of $20,000; and the Chair of the Nominating Committee, Mr. Campbell, receives an additional annual retainer of $15,000.”
2013Timothy Cook“The amendment did, however, further align Mr. Cook’s potential realizable compensation from the award with the Company’s performance by placing more than $123 million of the original grant date fair value of the award at risk based on the Company’s performance.”