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.
John Ternus’s new compensation
The numbers were disclosed in a filing with the Securities and Exchange Commission today. Ternus’s $58 million pay package includes two components:
Base salary: $3 million/year
Annual equity award: $55 million target value beginning fiscal 2027
