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Technology

Apple Sets John Ternus CEO Pay at 58 Million

Tim Cook moves to executive chairman with separate compensation while John Ternus takes over as CEO.

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5 Sources, 29d ago, first seen 29d ago

TLDR

Multiple outlets report that Apple filed documents showing John Ternus will receive a 58 million annual package that includes a 3 million salary plus restricted stock units. The same filings list Tim Cook's compensation at 47 million for the executive chairman role. Barron's notes that most of Ternus's equity award depends on Apple stock outperforming S&P 500 peers. Reports from TheWrap, Mint, and Business Today cite the SEC documents as the source for the figures.

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19.4K

5 Sources, first seen 29d ago

26 likes1 comments2 saves5 reposts

Combined views

19.4K

5 Sources, first seen 29d ago

26 likes1 comments2 saves5 reposts

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5 Sources

@TheWrapApple’s new CEO John Ternus is poised to receive an annual pay package of $58 million after officially taking over the reins of the tech giant from Tim Cook on Tuesday. Per a new SEC filing, Ternus’ package includes a $3 million annual salary. He will also receive a one-time, prorated restricted stock unit (RSU) award with a target value of $2.5 million for his service as CEO in fiscal 2026. More details: https://mrf.lu/2qJt8
@livemintiPhone maker Apple Inc. is paying its former Chief Executive Officer (CEO), Tim Cook, a $47 million compensation package as he transitions to the newly created role of executive chairman. Here's how much he will make in annual salary 💰 https://www.livemint.com/companies/news/apple-to-pay-tim-cook-47-million-as-he-takes-over-as-executive-chair-heres-how-much-he-will-make-in-annual-salary-11788320408532.html
@business_todayAs John Ternus becomes CEO, Apple's filings explain exactly how his compensation differs from Tim Cook's https://ow.ly/Epog106E7Qi
@barronsonlineApple’s New CEO Has Millions Riding on the Stock Beating the Market https://trib.al/FbT48rQ
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    5 Sources

    @TheWrapApple’s new CEO John Ternus is poised to receive an annual pay package of $58 million after officially taking over the reins of the tech giant from Tim Cook on Tuesday. Per a new SEC filing, Ternus’ package includes a $3 million annual salary. He will also receive a one-time, prorated restricted stock unit (RSU) award with a target value of $2.5 million for his service as CEO in fiscal 2026. More details: https://mrf.lu/2qJt8
    @livemintiPhone maker Apple Inc. is paying its former Chief Executive Officer (CEO), Tim Cook, a $47 million compensation package as he transitions to the newly created role of executive chairman. Here's how much he will make in annual salary 💰 https://www.livemint.com/companies/news/apple-to-pay-tim-cook-47-million-as-he-takes-over-as-executive-chair-heres-how-much-he-will-make-in-annual-salary-11788320408532.html
    @business_todayAs John Ternus becomes CEO, Apple's filings explain exactly how his compensation differs from Tim Cook's https://ow.ly/Epog106E7Qi
    @barronsonlineApple’s New CEO Has Millions Riding on the Stock Beating the Market https://trib.al/FbT48rQ
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