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Apple's New CEO John Ternus to Receive $58M Package; Tim Cook Retains $47M
Electronic Technology · Computer Processing Hardware · yonhap_finance · 2026-09-02
Incoming Apple CEO John Ternus is set for an $80 million compensation package, while former CEO Tim Cook will receive $65 million as executive chair.
What Happened
New CEO Compensation: Apple's newly appointed CEO John Ternus will receive a compensation package worth $58 million for the 2027 fiscal year. This package includes a $3 million base salary supplemented by significant equity-based incentives.
Tim Cook's Transition: Moving into his new role as chairman of the board, Tim Cook will receive $47 million in total compensation. This reflects a slight adjustment from his previous earnings while leading the company to massive growth over the past 15 years.
Equity Structure: A major portion of Ternus's equity, specifically 75%, is tied to performance-based Restricted Stock Units (RSUs) linked to the S&P 500 total shareholder return. The remaining 25% is time-based, vesting over a four-year period to ensure long-term alignment.
Executive Pay Policy: The disclosure highlights Apple's standard executive compensation framework, which typically includes cash bonuses amounting to double the base salary. These packages are designed to incentivize leadership stability and sustained shareholder value creation.