• Home
  • Apple
  • News
  • Tim Cook to Gain $100 Million in Vesting Stock this Quarter

Tim Cook to Gain $100 Million in Vesting Stock this Quarter

Tim Cook to Gain $100 Million in Vesting Stock this Quarter

According to the Wall Street Journal (reporting on data from Equilar), Apple CEO Tim Cook is set to snatch up $100 million from the vesting of a pair of restricted stock units in the first quarter of this year.

One of the stock units was received from filling in while Steve Jobs was on medical leave, while the other comes fron a grant awarded to Cook as part of a retention bonus paid to Apple executives.

The vesting shares are valued at a total of $96.2 million dollars as of Apple’s closing on December 30th. The shares are set to vest by March 24th, although some of the shares will become available on March 10th.

These vesting shares are separate from the one million shares granted to Cook for taking on the role of CEO. Those share are worth a whopping $415 million at today’s AAPL price, but will not become available for several more years – half in 2016, and the remainder in 2021.

  1. aik•wae says:

    lucky gay man haha

Leave a Reply

Your email address will not be published. Required fields are marked *