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.
- 2022: Person Tim Cook; Amount $40.00M; As filed “• The total target grant value of Mr. Cook’s 2023 equity award is $40 million;”.
- 2022: Person Tim Cook; Amount $37.50M; As filed “The number of time-based RSUs granted to Mr. Cook was determined by dividing $37.5 million by the closing stock price on the date of grant.”.
- 2022: Person Tim Cook; Amount $37.50M; As filed “The target number of performance-based RSUs granted to Mr. Cook was determined by dividing $37.5 million by the closing stock price on the date of grant.”.
- 2022: Person Jeff Williams; Amount $10.00M; As filed “The number of time-based RSUs granted to Ms. Adams, Mr. Maestri, Ms. O’Brien, and Mr. Williams was determined by dividing $10 million by the closing stock price on the date of grant.”.
| Fiscal year | Person | Amount | As filed |
|---|---|---|---|
| 2022 | Tim Cook | $40.00M | “• The total target grant value of Mr. Cook’s 2023 equity award is $40 million;” |
| 2022 | Tim Cook | $37.50M | “The number of time-based RSUs granted to Mr. Cook was determined by dividing $37.5 million by the closing stock price on the date of grant.” |
| 2022 | Tim Cook | $37.50M | “The target number of performance-based RSUs granted to Mr. Cook was determined by dividing $37.5 million by the closing stock price on the date of grant.” |
| 2022 | Jeff Williams | $10.00M | “The number of time-based RSUs granted to Ms. Adams, Mr. Maestri, Ms. O’Brien, and Mr. Williams was determined by dividing $10 million by the closing stock price on the date of grant.” |
| 2022 | Jeff Williams | $10.00M | “The target number of performance-based RSUs granted to Ms. Adams, Mr. Maestri, Ms. O’Brien, and Mr. Williams was determined by dividing $10 million by the closing stock price on the date of grant.” |
| 2022 | Luca Maestri | $1.44M | “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 | Kate Adams | $1.14M | “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 | Deirdre O’Brien | $797.84K | “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 | Art Levinson | $175.00K | “In 2022, the Chair of the Board, Dr. Levinson, received an additional cash retainer of $175,000; the Chair of the Audit Committee, Dr. Sugar, received an additional cash retainer of $35,000; the Chair of the Compensation Committee, Ms. Jung, received an additional cash retainer of $30,000; and the Chair of the Nominating Committee, Ms. Wagner, received an additional cash retainer of $25,000.” |
| 2022 | Monica Lozano | $37.50K | “Ms. Lozano participated in the Deferred Compensation Plan and deferred $37,500 of her 2022 annual cash retainer.” |
| 2022 | Ron Sugar | $35.00K | “In 2022, the Chair of the Board, Dr. Levinson, received an additional cash retainer of $175,000; the Chair of the Audit Committee, Dr. Sugar, received an additional cash retainer of $35,000; the Chair of the Compensation Committee, Ms. Jung, received an additional cash retainer of $30,000; and the Chair of the Nominating Committee, Ms. Wagner, received an additional cash retainer of $25,000.” |
| 2022 | Andrea Jung | $30.00K | “In 2022, the Chair of the Board, Dr. Levinson, received an additional cash retainer of $175,000; the Chair of the Audit Committee, Dr. Sugar, received an additional cash retainer of $35,000; the Chair of the Compensation Committee, Ms. Jung, received an additional cash retainer of $30,000; and the Chair of the Nominating Committee, Ms. Wagner, received an additional cash retainer of $25,000.” |
| 2022 | Sue Wagner | $25.00K | “In 2022, the Chair of the Board, Dr. Levinson, received an additional cash retainer of $175,000; the Chair of the Audit Committee, Dr. Sugar, received an additional cash retainer of $35,000; the Chair of the Compensation Committee, Ms. Jung, received an additional cash retainer of $30,000; and the Chair of the Nominating Committee, Ms. Wagner, received an additional cash retainer of $25,000.” |
| 2022 | Alex Gorsky | $150.81 | “Mr. Gorsky received a pro-rated Initial Director Award of 486 RSUs on November 9, 2021, the effective date of his appointment to the Board, with a grant date fair value for each RSU of $150.81, which vested on February 1, 2022.” |
| 2022 | Tim Cook | “As of the end of 2022, Apple’s Relative TSR increased approximately 1,212% during Mr. Cook’s tenure as CEO, significantly outpacing the S&P 500 which increased approximately 290% over the same time period, and Apple’s market capitalization grew by more than $2 trillion.” |