Apple has filed a new report with the SEC with regards to the recent changes at Apple and the appointment of their new CEO Tim Cook, after Steve Jobs stepped down as Apple’s CEO last week.
It looks like Apple’s new CEO Tim Cook, has been given some share options, and assuming he stays at the company until 2021, he will receive 1 million Apple shares worth a massive $383 million at Apple’s current share prices.
In connection with Mr. Cook’s appointment as Chief Executive Officer, the Board awarded Mr. Cook 1,000,000 restricted stock units. Fifty percent of the restricted stock units are scheduled to vest on each of August 24, 2016 and August 24, 2021, subject to Mr. Cook’s continued employment with Apple through each such date.
Source Mac Rumors
Filed Under: Apple