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.
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.