How much Apple CEO Tim Cook earned in 2021? According to a statement that Apple submitted to the SEC today, CEO Tim Cook’s compensation was worth $98.7 million in base salary, stock, and other payments.
He was granted an $82,347,835 stock award to supplement his $3 million base pay. This RSU will vest over time and includes $44.8 million in performance-based stock awards and $37.5 million in time-based stock awards. As of yet, none of this stock has vested.
Cook also earned another $754 million in 2021 owing to the stock grants granted earlier. Because these were given in prior years, they do not count toward Cook’s 2021 compensation package.
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Tim Cook’s total compensation package in 2021
Cook’s total compensation package included a $9.2 million base salary, as well as a $3 million annual bonus and an $82 million stock grant. He also received nearly $12 million in non-equity incentive plan compensation and over $1.7 million in “Other” pay. Other payments include a vacation payout of $23,077, security costs of about $630,000, and personal air travel for around $712,488). Apple has urged Cook to use a private plane for security reasons.
In 2020, Cook received a total of $14.8 million in salary, not including stock bonuses that matured during the year. Since 2020, Cook’s net worth has increased to well over $1 billion, and it may soon cross that boundary based on the shares he’s been handed recently.
The highest-paid Apple employees are largely engineering and technology executives. Luca Maestri, Kate Adams, Jeff Williams, and Deirdre O’Brien made between $26 million and $27 million each.