The majority of the incoming CEO’s equity compensation—75% of the $55 million target—is tied directly to Apple’s total shareholder return compared to the broader S&P 500 index. The remaining portion consists of time-based restricted stock units, scheduled to vest in equal 12.5% semiannual installments over a four-year period. Beyond this primary package, Ternus receives a prorated $2.5 million stock grant covering his tenure as CEO during the remainder of fiscal 2026.
In section Market Quotes
Apple Sets Compensation Package for New CEO John Ternus
John Ternus takes the helm at Apple with a compensation package anchored by a $3 million annual salary and a $55 million performance-indexed stock award for fiscal 2027. The transition, formalized in a Tuesday SEC filing, marks a definitive shift in the iPhone maker’s executive leadership structure.
Simultaneously, Apple disclosed terms for outgoing CEO Tim Cook. Effective September 26, Cook transitions to a new pay structure featuring a $2 million annual salary and a $45 million targeted equity award for fiscal 2027.
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