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.
- 2014: Person Angela Ahrendts; Amount $37.00M; As filed “At the time, Ms. Ahrendts was among the highest paid executives in the UK and held unvested Burberry equity awards with a value of approximately $37 million.”.
- 2014: Person Angela Ahrendts; Amount $37.00M; As filed “Ms. Ahrendts received an RSU award with a value of $37 million to compensate her for her unvested Burberry equity awards (“Make Whole RSUs”).”.
- 2014: Person Angela Ahrendts; Amount $33.00M; As filed “Ms. Ahrendts also received a new hire RSU award with a value of $33 million (“New Hire RSUs”).”.
- 2014: Person Angela Ahrendts; Amount $26.40M; As filed “(ii) in the case of Ms. Ahrendts, $26,401,560;”.
| Fiscal year | Person | Amount | As filed |
|---|---|---|---|
| 2014 | Angela Ahrendts | $37.00M | “At the time, Ms. Ahrendts was among the highest paid executives in the UK and held unvested Burberry equity awards with a value of approximately $37 million.” |
| 2014 | Angela Ahrendts | $37.00M | “Ms. Ahrendts received an RSU award with a value of $37 million to compensate her for her unvested Burberry equity awards (“Make Whole RSUs”).” |
| 2014 | Angela Ahrendts | $33.00M | “Ms. Ahrendts also received a new hire RSU award with a value of $33 million (“New Hire RSUs”).” |
| 2014 | Angela Ahrendts | $26.40M | “(ii) in the case of Ms. Ahrendts, $26,401,560;” |
| 2014 | Peter Oppenheimer | $20.00M | “After reviewing market compensation data provided by its independent compensation consultant, the scope of responsibility assigned to each executive officer, the Company’s historical equity grants, and the Company’s financial results and market capitalization compared to peer companies, the Compensation Committee determined that a total grant date value of $20 million for each executive officer, other than Mr. Cook and Mr. Oppenheimer, was appropriate for the 2014 annual award.” |
| 2014 | Luca Maestri | $20.00M | “When determining the value of the Promotion RSUs, the Compensation Committee considered the RSU grant date value of $20 million awarded to other executive officers on March 3, 2014 and decided to award Mr. Maestri a comparable award for the portion of the year he was expected to serve as Chief Financial Officer, after taking into consideration the value of the $7 million award he received in October 2013.” |
| 2014 | Eddy Cue | $16.00M | “(iii) in the case of Mr. Cue, $16,001,386;” |
| 2014 | Jeff Williams | $16.00M | “(iv) and in the case of Mr. Williams, $16,001,386.” |
| 2014 | Luca Maestri | $7.00M | “On October 7, 2013, as part of the Company’s annual review and RSU grant process, the Compensation Committee awarded Mr. Maestri time-based RSUs with a grant date value of $7 million.” |
| 2014 | Luca Maestri | $7.00M | “When determining the value of the Promotion RSUs, the Compensation Committee considered the RSU grant date value of $20 million awarded to other executive officers on March 3, 2014 and decided to award Mr. Maestri a comparable award for the portion of the year he was expected to serve as Chief Financial Officer, after taking into consideration the value of the $7 million award he received in October 2013.” |
| 2014 | Luca Maestri | $3.47M | “(i) in the case of Mr. Maestri, $3,468,490;” |
| 2014 | Angela Ahrendts | $2.59M | “In addition, the vesting of Ms. Ahrendts’ Make Whole RSUs is accelerated if the Company terminates her employment other than for “Cause” or if she resigns for “Good Reason.” Had Ms. Ahrendts’ employment terminated on September 26, 2014, the last business day of the Company’s fiscal year ended September 27, 2014, the estimated amount that she would have been entitled to under the cash severance arrangement would have been $2,589,041, and the estimated amount she would have been entitled to under the Make Whole RSUs would have been $32,646,728.” |
| 2014 | Tim Cook | $2.00M | “In February 2014, after reviewing peer company market data provided by its independent compensation consultant, the Compensation Committee increased Mr. Cook’s base salary from $1.4 million to $2 million and the base salaries of the other executive officers from $875,000 to $1 million.” |
| 2014 | Tim Cook | $1.40M | “In February 2014, after reviewing peer company market data provided by its independent compensation consultant, the Compensation Committee increased Mr. Cook’s base salary from $1.4 million to $2 million and the base salaries of the other executive officers from $875,000 to $1 million.” |
| 2014 | Tim Cook | $1.00M | “In February 2014, after reviewing peer company market data provided by its independent compensation consultant, the Compensation Committee increased Mr. Cook’s base salary from $1.4 million to $2 million and the base salaries of the other executive officers from $875,000 to $1 million.” |
| 2014 | Angela Ahrendts | $1.00M | “Similar to the Company’s executive officers other than Mr. Cook, Ms. Ahrendts receives an annual salary of $1 million, and she was eligible to participate in the Company’s performance-based cash bonus program for executive officers on a pro-rata basis calculated from her start date.” |
| 2014 | Luca Maestri | $1.00M | “Similar to the Company’s executive officers other than Mr. Cook, Mr. Maestri receives an annual salary of $1 million effective from his promotion date.” |
| 2014 | Tim Cook | $875.00K | “In February 2014, after reviewing peer company market data provided by its independent compensation consultant, the Compensation Committee increased Mr. Cook’s base salary from $1.4 million to $2 million and the base salaries of the other executive officers from $875,000 to $1 million.” |
| 2014 | Art 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. Iger, receives an additional annual retainer of $15,000.” |
| 2014 | Andrea Jung | $20.00K | “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. Iger, receives an additional annual retainer of $15,000.” |
| 2014 | Bob Iger | $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. Iger, receives an additional annual retainer of $15,000.” |
| 2014 | Tim Cook | “After careful deliberation, the Compensation Committee approved a modification of the 2011 RSU award that further aligned 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.” |