Apple Gives Cook Up to a Million Shares That Vest Through 2025

Tim Cook

Photographer: David Paul Morris/Bloomberg

Apple Inc. said it is giving Chief Executive Officer Tim Cook new equity awards that could provide him with as many as 1 million shares by 2025.

The compensation comes in two packages, according to a regulatory filing on Tuesday. The first comprises 333,987 restricted stock units that vest in thirds in 2023, 2024 and 2025. The other has 333,987 units that will vest in 2023 and is based on Apple’s relative share performance over three years. Cook may get none of this award or 200%, depending on stock returns. If all goes well, Cook would get about 1 million shares in total.

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