Apple Sets New CEO John Ternus's Pay Package At Nearly ₹551 Crore; Tim Cook To Receive ₹446 Crore Package Moving Forward

Apple has finalized a substantial compensation package of approximately $58 million (around ₹551 crore) for its newly appointed CEO, John Ternus. This announcement was made in a filing with the US Securities and Exchange Commission, marking the start of Ternus's tenure as CEO. According to Bloomberg, outgoing CEO Tim Cook, now the executive chairman, will receive a compensation package valued at roughly $47 million (about Rs. 446 crore).

Ternus's compensation includes an annual base salary of $3 million, complemented by a stock grant with a target value of $55 million for fiscal year 2027. For the current fiscal year, he has been allocated a prorated restricted stock unit grant worth $2.5 million, applicable during his tenure as CEO before the end of fiscal 2026.

The majority of Ternus's equity award is performance-based: three-quarters of the stock grant will vest based on Apple's total shareholder return compared to other S&P 500 companies, while the remaining quarter consists of time-based units that will vest in increments over a four-year period.

Tim Cook's new role as executive chairman comes with a pay cut. His annual salary decreases from $3 million to $2 million, and his fiscal 2027 stock package has a lower target value of $45 million, less reliant on performance-linked shares. In comparison, Cook's total pay as CEO in fiscal 2025 was $74.3 million.

The specifics of Ternus's previous compensation as senior vice president of hardware engineering have not been disclosed by Apple. However, Bloomberg noted that executives at that level typically earn around $25 million annually, combining salary, bonuses, and stock. Ternus, aged 51, is scheduled to publicly introduce himself to Apple's user base during a company event on September 9.