Here’s how much Apple is paying John Ternus as CEO, Tim Cook as executive chairman
In a new regulatory filing today, Apple revealed that new CEO John Ternus is receiving a pay package with $58 million in salary and target stock awards. The company also shared details on Tim Cook’s lucrative new deal as Apple’s executive chairman. more…
Apple has disclosed the compensation packages for its new CEO, John Ternus, and executive chairman, Tim Cook. Ternus will receive a $58 million salary package, including performance-based stock awards and time-based shares. The performance shares are contingent on Apple's total shareholder return compared to other S&P 500 companies, while the time-based shares vest 12.5% every six months over a four-year period. In 2026, Ternus will receive prorated stock awards with a target value of $2.5 million.
Cook's compensation package for fiscal 2027 has a target value of $47 million. For fiscal 2025, Cook's total pay package as CEO was $74,294,811, which included non-equity incentive plan compensation, retirement plans, vacation days, personal security expenses, and other factors. Cook's salary and stock awards amounted to approximately $60.5 million for 2025.
The specific details of Ternus's previous salary in his role as senior vice president of hardware engineering remain undisclosed.
Written by urgent.news from 9to5Mac's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
