Apple on Tuesday disclosed that new CEO John Tenus's compensation package for the 2027 fiscal year is valued at approximately $58 million, including a $3 million base salary and a $55 million stock award. Executive Chairman Tim Cook will receive about $47 million. The equity awards are 75% performance-based against the S&P 500 and 25% time-vested.
Apple Inc. disclosed on Tuesday that the compensation package for its new CEO, John Tenus, is valued at approximately $58 million for the 2027 fiscal year, while Executive Chairman Tim Cook will receive about $47 million. The details were revealed in a filing with the Securities and Exchange Commission (SEC) on Tenus's first day in office.
Tenus, 51, will receive an annual base salary of $3 million and a stock award targeting $55 million next year. He will also receive restricted stock units (RSUs) worth about $2.5 million for the 2026 fiscal year (ending September), prorated for his tenure. Of the equity awards, 75% will be tied to Apple's performance relative to the S&P 500 index, with the remaining 25% linked to time-based vesting, occurring every six months.
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