Apple (AAPL) Stock: New CEO John Ternus Receives $58M Pay Package
TLDR
- John Ternus officially became Apple’s CEO on September 2, with a total compensation package of around $58M for fiscal 2027
- His package includes a $3M base salary and a $55M equity award, plus a $2.5M prorated stock grant for partial fiscal 2026 service
- 75% of his equity is performance-based, tied to Apple’s total shareholder return vs. the S&P 500
- Tim Cook moves to executive chairman with a $47M package, down from $74.3M as CEO in 2025
- Ternus’ first major test comes September 9, when Apple is expected to unveil the iPhone 18 lineup
Apple (AAPL) stock was down 0.17% on Tuesday as the company filed details of its new leadership compensation with the SEC. The filing came on Ternus’ first official day as CEO.
Ternus, 51, takes the top job with a targeted $58M pay package for fiscal 2027. That breaks down to a $3M annual salary and a $55M equity award.
He also received a prorated RSU grant worth $2.5M to cover his partial-year service as CEO during fiscal 2026.
The equity structure leans heavily on performance. Three-quarters of the $55M award is tied to Apple’s total shareholder return measured against the rest of the S&P 500. The remaining 25% vests on a time-based schedule, paying out in equal 12.5% portions every six months over four years.
… Continue reading the full article at the original source below.
