Apple Discloses Compensation Packages for CEO John Ternus and Executive Chair Tim Cook

Apple announced that new CEO John Ternus will receive a compensation package valued at approximately $58 million for fiscal year 2027, while Tim Cook, in his role as executive chairman, will receive about $47 million. The details were disclosed in an SEC filing on Ternus's first day as CEO. Ternus will earn an annual base salary of $3 million and is set to receive a stock grant with a target value of $55 million next year. Additionally, he will receive restricted stock units (RSUs) valued at $2.5 million for fiscal year 2026. Seventy-five percent of his equ