STARTUP LEGAL2 Sept 2026
Apple's New CEO Gets Huge Pay Package Tied to Performance
Apple's new CEO, John Ternus, started on September 1, 2026, with a $3 million salary and stock awards. His existing shares are worth about $110 million, with potential to reach $148 million. Most of his future equity depends on Apple's shareholder returns versus other S&P 500 companies. Tim Cook becomes Executive Chairman with a smaller package.
Key Statutory Highlights
- John Ternus became Apple CEO on September 1, 2026, with a $3 million salary and $2.5 million in restricted stock units.
- His current Apple stock holdings are worth roughly $110 million, and could rise to about $148 million depending on performance.
- Seventy-five percent of his fiscal 2027 equity award will vest based on Apple's shareholder return compared to other S&P 500 companies.
- Tim Cook transitions to Executive Chairman with a $2 million salary and a $45 million target equity award for fiscal 2027.
Actionable Advice for Taxpayers / Founders:Executives and investors should note that large pay packages often mix fixed salary with performance-linked stock, so read the vesting terms to understand actual value.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief passed the displayed source checks. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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