APPLE STOCK

Here’s how much Apple CEO Tim Cook made in 2021


Apple today released its annual proxy statement, announcing it will hold its annual general meeting on March 4, 2022. In addition to announcing the date of the general meeting, the proxy statement also includes some interesting details about Apple’s business over the past year, including executives’ salaries and more A lot of that.

Here’s a breakdown of the executive fee for Apple’s executive team in 2021:

CEO, Tim Cook: $ 98,734,395 total

  • Salary: $ 3 million
  • Stock Rewards: $ 82.3 million
  • Non-equity incentive plan fee: $ 10.7 million
  • All other fees: $ 1.38 million

Chief Financial Officer, Luca Maestri: $ 26.98 million in total

  • Salary: $ 1 million
  • Stock Awards: $ 21.96 million
  • Non-shareholder incentive plan fee: $ 4 million
  • All other compensation: $ 18,883

Chief Advisor, Kate Adams: $ 26.97 million in total

  • Salary: $ 1 million
  • Stock Awards: $ 21.96 million
  • Non-share incentive plan fee: $ 4 million
  • All other compensation: $ 14,533

Retail and People’s SVP, Deirdre O’Brian: $ 27 million in total

  • Salary: $ 1 million
  • Stock Awards: $ 21.96 million
  • Non-share incentive plan fee: $ 4 million
  • All other fees: $ 61,191

COO, Jeff Williams: $ 26.97 million in total

  • Salary: $ 1 million
  • Stock Awards: $ 21.96 million
  • Non-share incentive plan fee: $ 4 million
  • All other fees: $ 17,437

As for Tim Cook’s compensation, Apple notes in the power of attorney that 2021 marked the 10th anniversary of Cook’s term as CEO. During the year, for the first time, he received the Capital Award:

In 2021, we marked the 10th anniversary of Tim Cook’s leadership as CEO. It was a remarkable decade for Apple and 2021. Cook first received the Capital Award for the first time since he was promoted to CEO in August 2011. The structure of this award is better aligned with RSU based on performance and time. awarded to our other appointed executive officers, while the amount pays tribute to his outstanding leadership and is commensurate with the size, performance and profitability that Apple has achieved during his tenure.

For context, Tim Cook’s total fee was $ 14.77 million in 2020, $ 11.55 million in 2019.

As always, remember that Tim Cook has already said that he will donate the vast majority of his fortune – and that has already begun.

Tim Cook’s insurance and travel expenses

Other treats that people love every year are how much Apple spends on Tim Cook’s safety and how much Apple spends on his use of a private jet for travel. As always, it’s important to remember that Apple’s board of directors has implemented a 2017 policy that requires Cook to use private jets for all of its business and personal travel for “safety and efficiency reasons”.

In 2021, Apple spent $ 712,488 traveling on Tim Cook’s private jet. This number includes hourly flight costs and other variable costs that Apple incurs for such use, including variable fuel charges, departure and landing charges. Apple also spent a total of $ 630,630 on security costs for Cook.

General salary ratio

Apparently due to Tim Cook’s first capital allocation, Apple has adjusted the way it calculated its CEO salary ratio in 2021. The company says it determined its paid employee using base salary, bonuses, commissions and fair value of share capital awards awarded to employees in 2021 .

As such, the total compensation of Apple’s middle-income employee was $ 68,254, compared to Tim Cook’s total compensation of $ 98,734,394. This makes the salary ratio of the CEO 1,447 to 1.

The whole document

Below you can find Apple’s full proxy statement for 2021.

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Naveen Kumar

Friendly communicator. Music maven. Explorer. Pop culture trailblazer. Social media practitioner.

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