Apple CEO Tim Cook made nearly $100M in 2021
Apple CEO Tim Cook received nearlꦰy $100 million in compensation in fiscal 2021 in whaꦅt was another strong year for the iPhone maker, according to an SEC filing published Thursday.
Cook, 61, earned $98.73 million in . The sum included more than $82 million in stock awards, a $12 million bonus tied to internal perℱformance targets, a $3 million ba𝓀se salary and about $1.4 million in other compensation.
For Cook, the year marked a decade of service as Apple’s༺ CEO. The tech giant reported annual sales of nearly $366 billion despite the ongoing impact of the COVID-19 pandemic and supply chain issuesܫ that have complicated production.
“In 2021 we marked the 10th anniversary of Tim Cook’s leadership as CEO,” Apple said in the filing. “It’s been a remarkable decade for Aওpple and in 2021 Mr. Cook w𝓀as granted an equity award for the first time since he was promoted to CEO in August 2011.”
Of the $82 million in stock awards, about $44.8 million came in the form of performance-based restricted stock units. The remaining $37.5 million wꦛill be dispersed in three tranches starting in 2023.
The $1.4꧒ million in other compensation includes Cook’s airꦫ travel, 401(k), life insurance, security and vacation cash-outs.
Cook’s pay rose significantly compared to the previous fiscal year, when the Apple CEO received $14.8 million in compensation. In 2021ꦅ, he earned mo🐼re than 1,400 times the pay of Apple’s , according to Reuters.
Earlier this week, Apple became the first company in history to achieve a $3 trillion market valuation. The tech giant has s𒁃ince falle🔯n back below the historic threshold.
