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Ternus will earn a $3 million annual salary and a $55 million stock award target, while Tim Cook's new chairman role is valued at $47 million
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Apple $AAPL disclosed the compensation package for new Chief Executive Officer John Ternus on Tuesday, his first day in the role: a $3 million annual salary and a targeted equity award of $55 million for fiscal 2027, bringing his total target compensation to approximately $58 million.
Apple's board People and Compensation Committee also awarded Ternus a prorated RSU grant with a target value of $2.5 million for his partial-year service as CEO in fiscal 2026, the company said. Performance-based RSUs account for three-quarters of his annual equity award, with vesting tied to how Apple's total shareholder return stacks up against the rest of the S&P 500. The other 25% comes in time-based RSUs, which vest every six months in equal 12.5% portions across a four-year period.
