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John Ternus takes helm at Apple Inc. with $55M equity award

By PulseAugur Editorial · [1 sources] ·

John Ternus has officially taken over as the new CEO of Apple Inc., succeeding Tim Cook. Ternus has been granted a significant compensation package, including a $3 million salary and restricted stock units valued at $2.5 million for the remainder of the fiscal year. For fiscal year 2027, he is set to receive an annual equity award with a target value of $55 million, with a portion tied to Apple's total shareholder return compared to other S&P 500 companies. Tim Cook will transition to the role of executive chair, with a reduced salary and a $45 million equity award. AI

IMPACT Minimal direct impact on AI operations; focuses on corporate leadership and compensation structures.

RANK_REASON CEO transition at a major tech company with details on compensation. [lever_c_demoted from significant: ic=1 ai=0.1]

Read on Fortune →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

John Ternus takes helm at Apple Inc. with $55M equity award

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CEO transition at a major tech company with details on compensation. [lever_c_demoted from significant: ic=1 ai=0.1]
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Amanda Gerut ·

    Apple CEO John Ternus started Tuesday. His $55 million award starts next year

    Apple tied 75% of the new CEO’s annual equity target to shareholder return relative to the S&#038;P 500. Neither award is granted until fiscal 2027

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