Apple's New Corporate Controller Luca Maestri Receives Stock Rights Worth $15 Million

luca_maestriFormer Xerox CFO Luca Maestri officially joined Apple as Corporate Controller in late February and a filing with the U.S. Securities and Exchange Commission published earlier today reveals that he received 38,091 restricted stock units (RSUs) in March of this year.

As with most RSUs handed out by Apple, these carry staggered vesting dates with 1/8 of the total number of units converting to actual shares every six months over a four year period.

Apple's restricted stock grants are often issued as incentives to stay with the company because the shares vest over time and require employees to remain employed through each vesting date.

At Apple's current stock price, Maestri's RSUs are worth approximately $15 million, but that total will shift depending on the stock price at the time that the shares vest.

In his role as Corporate Controller, Maestri works directly under Apple senior vice president and Chief Financial Officer Peter Oppenheimer. Before serving as CFO at Xerox, Maestri formerly worked at Nokia Siemens Networks and GM.

Popular Stories

AirPods Pro Firmware Feature

Apple Releases New Firmware for AirPods Pro 3, AirPods Pro 2 and AirPods 4

Tuesday October 7, 2025 11:27 am PDT by
Apple today released new firmware designed for the AirPods Pro 3, prior-generation AirPods Pro 2, and the AirPods 4 models. The firmware has a build number of 8A358, up from 8A356. There's no word on what's include in the updated firmware, but the prior 8A356 update added iOS 26 features to the AirPods Pro 2, AirPods Pro 3, and AirPods 4 with ANC. The software introduced better audio quality ...
iOS 26

Everything New in iOS 26.1 Beta 2

Monday October 6, 2025 3:54 pm PDT by
Apple released the second beta of iOS 26.1 and iPadOS 26.1, introducing useful changes to alarms, multitasking on the iPad, and more. There are also subtle tweaks to some of the Liquid Glass design elements as Apple continues to refine iOS 26. Alarms and Timers Alarms set using the Clock app now have a slide to stop button rather than a tap to stop button on the Lock Screen. To snooze an...
john ternus on stage

Gurman: Major Apple Leadership Shakeup Impending With John Ternus as Next CEO

Monday October 6, 2025 6:21 am PDT by
Apple is entering its most significant leadership transition in more than a decade as multiple senior executives prepare to depart and CEO Tim Cook begins to shape the company's next generation of leaders, according to Bloomberg's Mark Gurman. In the latest edition of his "Power On" newsletter, Gurman explained that Jeff Williams, who was viewed as Cook's potential successor for several...
ios 26 1 slide to stop

Apple Fixes Alarms in iOS 26.1

Monday October 6, 2025 11:56 am PDT by
With the second beta of iOS 26.1, Apple updated the design of alarms set on the iPhone, making them harder to dismiss than before. Stopping an alarm in iOS 26.1 beta 2 requires a new Slide to Stop gesture rather than a simple tap. You can continue to tap to snooze an alarm, but if you want to turn it off entirely, you need to use a swipe. Transitioning from a tap to a slide gesture to...
ipad mini 7 feature blue

iPad Mini 8 on the Way: Expected Features and Release Timeline

Monday October 6, 2025 5:05 am PDT by
A new iPad mini is "absolutely" on the way, according to Bloomberg's Mark Gurman. So what should we expect from the successor to the iPad mini 7 that Apple released a year ago? Processor and Performance Apple is working on a next-generation version of the iPad mini (codename J510/J511) that features the A19 Pro chip, according to information found in code that Apple mistakenly shared in...
tag heuer made for iphone

New TAG Heuer Smartwatches Now 'Made for iPhone'

Wednesday October 8, 2025 8:41 am PDT by
TAG Heuer today announced the Connected Calibre E5 smartwatch, now featuring "Made for iPhone" certification as the watchmaker abandons Google's Wear OS. Three years after launching the Calibre E4, the Connected Calibre E5 comes in two case sizes: 45mm and a new, more compact 40mm. They are powered by the Qualcomm Snapdragon 5100+. The 45mm model features a 1.39-inch AMOLED display, while ...
macbook pro pink

M5 MacBook Pro Could Launch in October as M4 Model Faces Supply Constraints

Monday October 6, 2025 3:23 pm PDT by
Supplies of the 14-inch M4 MacBook Pro model appear to be constrained amid rumors that an upgraded M5 model could launch as soon as this year. As noted by Bloomberg's Mark Gurman, custom configurations of the M4 MacBook Pro model have a delayed shipping date and will not be delivered to customers until October 23 to 28. The restricted supply could be an indication that Apple is planning to...
iphone 17 magsafe silicon rings 1

Apple Modifies In-Store MagSafe Stands to Prevent iPhone 17 Marks

Wednesday October 8, 2025 4:41 am PDT by
Apple has quietly added a protective silicone ring to its in-store MagSafe charging stands following reports of marks appearing on some iPhone 17 series display models, according to Consomac. The apparent move comes after Apple last month confirmed that worn MagSafe chargers in retail stores were causing what appeared to be scratches on the iPhone 17 Pro and iPhone 17 Pro Max. There have...
iOS 26 Feature

iOS 26.1 to iOS 26.4 Will Add These New Features to Your iPhone

Wednesday October 1, 2025 1:26 pm PDT by
iOS 26 was released last month, but the software train never stops, and iOS 26.1 beta testing is already underway. So far, iOS 26.1 makes both Apple Intelligence and Live Translation on compatible AirPods available in additional languages, and it includes some other minor changes across Apple Music, Calendar, Photos, and Safari. More features and changes will follow in future versions,...

Top Rated Comments

Kaibelf Avatar
163 months ago
Hooray. Another fat cat gets stock worth $15 MILLION for sitting on his lazy arse while 90% of everyone else in the country makes $7 an hour working theirs off. That is a newsworthy RUMOR? :rolleyes:
Do you have any idea how much time and hard work as well as study it takes to get to this point in a career like his? Sorry if you were too LAZY to apply yourself when it counted, but this is money he's earned, and calling him "another fat cat" is just an easy way for people to make excuses for their own lack of initiative.
Score: 23 Votes (Like | Disagree)
MagnusVonMagnum Avatar
163 months ago
Hooray. Another fat cat gets stock worth $15 MILLION for sitting on his lazy arse while 90% of everyone else in the country makes $7 an hour working theirs off. That is a newsworthy RUMOR? :rolleyes:
Score: 21 Votes (Like | Disagree)
tech4all Avatar
163 months ago
Hooray. Another fat cat gets stock worth $15 MILLION for sitting on his lazy arse while 90% of everyone else in the country makes $7 an hour working theirs off. That is a newsworthy RUMOR? :rolleyes:

Cry me a river. :rolleyes:
Score: 10 Votes (Like | Disagree)
macman34 Avatar
163 months ago
He doesn't look like a weasel at all...

Do you have any idea how much time and hard work as well as study it takes to get to this point in a career like his? Sorry if you were too LAZY to apply yourself when it counted, but this is money he's earned, and calling him "another fat cat" is just an easy way for people to make excuses for their own lack of initiative.

You are either too naive, or expect others to be naive. Plenty of people put in "hard work and study", the royal road to such echelons though is via arse kissing, back stabbing and ruthlessness.
Score: 9 Votes (Like | Disagree)
Battlefield Fan Avatar
163 months ago
Cry me a river. :rolleyes:

No.
Score: 9 Votes (Like | Disagree)
petsounds Avatar
163 months ago
Do you have any idea how much time and hard work as well as study it takes to get to this point in a career like his? Sorry if you were too LAZY to apply yourself when it counted, but this is money he's earned, and calling him "another fat cat" is just an easy way for people to make excuses for their own lack of initiative.

Salaries and stock options aren't given as some sort of gold star for prior efforts; they are given as an advance on future contributions to the company.

At least in theory. In practice, it's a elite boy's club of rich people giving other rich people money for not working any harder, and often less hard, than employees lower on the totem pole.
Score: 7 Votes (Like | Disagree)