The Wall street Journal experiences that knowledge from government compensation monitoring firm Equilar displays Apple CEO Tim cook dinner set to peer a huge windfall all the way through the first quarter of 2012 with the vesting of two separate limited stock unit gives you at present valued at virtually $a hundred million.
Of the entire Silicon Valley executives who have a vesting experience scheduled for the first quarter of 2012, the one who stands to reap essentially the most is Apple Inc. Chief govt Tim prepare dinner, the study discovered.
Mr. cook dinner has parts of two limited-stock-unit delivers—including one he got for filling in for Steve Jobs when the co-founder used to be on scientific leave—vesting within the first quarter. As of Apple’s closing inventory price on Dec 30, these vesting shares of Mr. cook dinner’s have been worth $96.2 million, consistent with the find out about.
nearly all of the amount comes from a furnish of 200,000 restricted stock gadgets awarded to prepare dinner in September 2008 as a part of a package deal of retention bonuses paid out to Apple executives. That furnish will vest on March twenty fourth and is value $eighty three million at these days’s inventory price.
the rest element comes from a supply awarded in March 2010 in recognition of cook’s carrier while Steve Jobs was on a clinical leave of absence all the way through the first half of 2009. That bonus included $5 million in cash and seventy five,000 restricted stock units. The 2nd 1/2 of these inventory units, price $15.5 million at nowadays’s inventory value, will vest on March 10th. the primary part of that furnish vested on March tenth of last year and would have introduced prepare dinner approximately $13 million.
The vesting inventory is break free an award of a million share devices given to cook dinner as he formally took on the position of CEO. That furnish is value $415 million at today’s stock price, however won’t vest for quite a lot of years. cook dinner will receive 1/2 of the shares in 2016 and the rest in 2021, with both events contingent upon cook dinner final CEO of Apple.
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