Following their appointments to Apple's senior executive team, Craig Federighi and Dan Riccio have each been granted 75,000 restricted stock units by Apple. The grants, which were revealed in filings with the U.S. Securities and Exchange Commission covering Federighi and Riccio, are worth roughly $50 million apiece at today's stock price, although they do not convert into actual shares for some time.

According to the vesting schedule, Federighi and Riccio will each see 25,000 of their restricted stock units convert into actual shares on December 23, 2013, with another 25,000 following on April 23, 2015 and the final batch of 25,000 converting August 23, 2016.

federighi riccio
Including actual shares as well as previous restricted stock unit grants that are converting to shares over time, Federighi holds roughly $97 million worth of stock rights at Apple's present share price, while Riccio's holdings would be worth about $89 million.

Grants of restricted stock units are typically issued both as bonuses for previous work as well as incentives to remain with the company. With the units vesting over time, recipients are generally required to remain employed with the company through each vesting date in order for those units to convert into redeemable shares.

Top Rated Comments

Agent OrangeZ Avatar
168 months ago
In B4 all of the "Occupy" folk show up and say "No one deserves to make that much money!!!!1111"
Score: 8 Votes (Like | Disagree)
applesith Avatar
168 months ago
You don't have to be extreme to observe that they probably aren't worth $50M. There is a lot of talent in this world.

Yes there is a lot of talent. But it's a matter of useful and unique talent worth flipping the bill for. The $50M isn't just for the amount of money they have and will generate for Apple: it's more the opportunity cost of losing them to a competitor.
Score: 5 Votes (Like | Disagree)
617arg Avatar
168 months ago
I don't know.....I look at some of these numbers and they begin to lose their meaning. After a certain point it almost doesn't matter. They will always be comfortable, so will their children and children's children, and further down the ladder of descendants......

If they are happy they will stay, if not they will either retire or go somewhere they feel they will be happier. If they are happy and just looking to shake down Apple with threats of leaving I'd rather see them go. Everyone can be replaced, and some fresh blood would be nice there at this point.
Score: 4 Votes (Like | Disagree)
Rootus Avatar
168 months ago
In B4 all of the "Occupy" folk show up and say "No one deserves to make that much money!!!!1111"
You don't have to be extreme to observe that they probably aren't worth $50M. There is a lot of talent in this world.
Score: 4 Votes (Like | Disagree)
jamojamo Avatar
168 months ago
You don't have to be extreme to observe that they probably aren't worth $50M. There is a lot of talent in this world.

And there is a lot of competition for the top talent that has the right drive and skills and is in the right area. So how do you say they aren't worth $50 Million? They could easily impact the bottom line or market capitalization over time for that amount. (Positively or Negatively)

Talent alone only gets you so far - ask Jamarcus Russell, Adam 'Pacman' Jones, Ralph Sampson, and many, many starving artists.

Bottom line is that none of us has a real say in what Apple is paying them but I don't begrudge them their 'opportunity' to succeed, nor does it impact my opportunities to succeed in my chosen endeavors.
Score: 3 Votes (Like | Disagree)
NumberNine Avatar
168 months ago
In B4 all of the "Occupy" folk show up and say "No one deserves to make that much money!!!!1111"

The "occupiers" are just jealous whiners who want what others have.
Score: 2 Votes (Like | Disagree)

Popular Stories

apple tv 4k new orange

New Apple TV Expected Later This Year With These New Features

Saturday July 12, 2025 3:09 pm PDT by
A new Apple TV is expected to be released later this year, and a handful of new features and changes have been rumored for the device. Below, we recap what to expect from the next Apple TV, according to rumors. Rumors Faster Wi-Fi Support The next Apple TV will be equipped with Apple's own combined Wi-Fi and Bluetooth chip, according to Bloomberg's Mark Gurman. He said the chip supports ...
iphone 16 pro ghost hand

5 Reasons to Skip This Year's iPhone 17 Pro

Thursday July 10, 2025 4:54 am PDT by
Apple will launch its new iPhone 17 series in two months, and the iPhone 17 Pro models are expected to get a new design for the rear casing and the camera area. But more significant changes to the lineup are not expected until next year, when the iPhone 18 models arrive. If you're thinking of trading in your iPhone for this year's latest, consider the following features rumored to be coming...
iPhone 17 Pro in Hand Feature Lowgo

iPhone 17 Pro Coming Soon With These 16 New Features

Friday July 11, 2025 12:40 pm PDT by
Apple's next-generation iPhone 17 Pro and iPhone 17 Pro Max are only two months away, and there are plenty of rumors about the devices. Below, we recap key changes rumored for the iPhone 17 Pro models. Latest Rumors These rumors surfaced in June and July:A redesigned Dynamic Island: It has been rumored that all iPhone 17 models will have a redesigned Dynamic Island interface — it might ...
Apple Watch Ultra 2 Complications

Apple Watch Ultra 3: What to Expect

Sunday July 13, 2025 10:30 am PDT by
The long wait for an Apple Watch Ultra 3 is nearly over, and a handful of new features and changes have been rumored for the device. Below, we recap what to expect from the Apple Watch Ultra 3:Satellite connectivity for sending and receiving text messages when Wi-Fi and cellular coverage is unavailable 5G support, up from LTE on the Apple Watch Ultra 2 Likely a wide-angle OLED display that ...
iphone 16 pro pro max

iPhone 17 Pro Models With BOE Displays Will Be Sold in China Only

Thursday July 10, 2025 11:59 pm PDT by
iPhone 17 Pro and iPhone 17 Pro Max models with displays made by BOE will be sold exclusively in China, according to a new report. Last week, it emerged that Chinese display manufacturer BOE was aggressively ramping up its OLED production capacity for future iPhone models as part of a plan to recapture a major role in Apple's supply chain. Now, tech news aggregator Jukan Choi reports...
top stories 2025 07 12

Top Stories: iPhone 17 Pro Rumors, iOS 26 Beta 3, and More

Saturday July 12, 2025 6:00 am PDT by
The iOS 26 public beta release is quickly approaching, while developers have recently gotten their hands on a third round of betas that has seen Apple continue to tweak features, design, and functionality. We're also continuing to hear rumors about the iPhone 17 lineup that is now just about right around the corner, while Apple's latest big-budget film appears to be taking off, so read on...