Apple Ties New CEO Compensation Package to S&P 500 Performance

Apple's incoming chief executive John Ternus will receive a $58 million compensation package, with three-quarters of the equity stake contingent on the company's shareholder returns outperforming the S&P 500 index.

2 Sept, 17:36 — 2 Sept, 17:36

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Times of IndiaMostly Factual18h ago

New CEO gets $58 million, on one condition Apple must meet

Apple will pay new chief executive John Ternus a $3 million salary and a stock award targeted at $55 million for fiscal 2027, an SEC filing showed. Three-quarters of that equity vests only if Apple's shareholder return beats the S&P 500. Tim Cook, now executive chairman, gets about $47 million. Ternus took charge on Tuesday, nine days before Apple's September 9 iPhone event.

By TOI TECH DESK

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Apple Ties New CEO Compensation Package to S&P 500 Performance

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New CEO gets $58 million, on one condition Apple must meet

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