According to a statement filed with the SEC on Thursday, Apple Chief Executive Officer Tim Cook earned $98.7 million in basic pay, stock, and other remuneration.
Cook received a basic salary of $3 million and a stock grant of $82,347,835. This stock award is comprised of RSUs that will vest over time, including $44.8 million in performance-based stock awards and $37.5 million in time-based stock awards. As of yet, none of this stock has vested.
Tim Cook Apple CEO Net worth
Cook also had more than 5 million shares vested in 2021, bringing him $754 million in total. Because these were provided in previous years, the $754 million is not included in his 2021 salary plan.
In addition to the $3 million salaries and $82 million in stock options, records show that he also got $12 million in non-equity incentive plan pay and $1,386,559 in “Other” pay.
However, other remuneration includes a vacation payment of $23,077, security charges of $630,630, and personal air travel of $712,488. For security concerns, Apple needs Cook to fly in a private jet.
Cook earned a total of $14.8 million in 2020, not including stock awards that vested during that period. Cook’s net worth has risen to more than $1 billion since 2020, and it may soon surpass that figure due to recent stock awards.