Tim Cook’s net worth is now over $1 billion after 2021

Tim Cook’s net worth is now over $1 billion after 2021

January 7, 2022 0 By [email protected] (William Gallagher)

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content.

Apple’s financial reports show that, including a rare stock award, CEO Tim Cook was paid $98,734,394 in 2021, pushing his net worth over the $1 billion mark.

As Apple’s full SEC filing points out, 2021 was Tim Cook’s tenth year as CEO. That meant he qualified for a delayed part of his incentive plan, arranged when he took over from Steve Jobs in 2011.

That plan concerned restricted stock units, with the number Cook was to receive being tied to Apple’s overall performance. He earned the maximum amount possible — 560,000 shares — which translated to $89.2 million.

Five million shares Cook holds vested in 2021, worth around $750 million. That is not included in his earnings figure. All told, 2021 pushed Cook’s net worth to over $1 billion.

Cook’s base salary is $3 million, compared to $1 million each for CFO Luca Maestri, general counsel Kate Adams, Retail + People’s Deirdre O’Brien, and COO Jeff Williams. Each also received various stock awards and other unspecified compensation, meaning they earned around $27 million apiece.

Apple’s full filing notes that the company does not “provide pensions or supplemental executive health or insurance benefits.”

You can read the original article here —> [ Read More ]

[ If you love Tech news, you will love our gathered and curated news presented on the main page ]

close

Don't miss a beat!!

We’d love to keep you updated with the latest tech news from across the internet!

Don't worry, we don’t spam!