Home / Business and Economy / Apple CEO Pay: $58M Package Tied to Performance
Apple CEO Pay: $58M Package Tied to Performance
2 Sep
Summary
- New CEO John Ternus to receive $58 million package by 2027.
- His pay is heavily weighted on company performance against peers.
- The new structure emphasizes shareholder returns under Ternus.
Apple's incoming CEO, John Ternus, will have his compensation structured around performance and tenure, with a target package of $58 million by fiscal year 2027. This compensation includes a base salary of $3 million and an equity award valued at $55 million. Additionally, Ternus will receive a $2.5 million stock award for his service as CEO during fiscal year 2026.
The majority of Ternus's equity award, around 75% of the $55 million, is contingent on Apple's performance relative to other companies within the S&P 500 index. The remaining portion of the equity will vest over a four-year period, tied to his continued employment with Apple. This compensation plan signifies a greater emphasis on shareholder value as Ternus begins his leadership.
Meanwhile, Tim Cook, who has transitioned to the executive chairman role, is set to receive approximately $47 million for fiscal year 2027, comprising a $2 million salary and $45 million in stock. Ternus faces an immediate challenge with Apple's upcoming September 9 product event, where the iPhone 18 lineup is expected to be unveiled.
