1 of 1
Story summary
- Apple named John Ternus chief executive with a $3 million base salary.
- Apple granted Ternus $2.5 million in restricted stock units for fiscal 2026 and a $55 million target equity award for fiscal 2027.
- Three-quarters of Ternus’s award vests on Apple’s total shareholder return versus S&P 500 peers.
- Tim Cook’s salary will drop to $2 million in September.
- Cook receives a $45 million target equity award split equally between time-based RSUs and performance-based units.
