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

iPhone 17 Pro in Hand Feature Lowgo

iPhone 17 Pro to Reverse iPhone X Design Decision

Monday July 7, 2025 9:46 am PDT by
Since the iPhone X in 2017, all of Apple's highest-end iPhone models have featured either stainless steel or titanium frames, but it has now been rumored that this design decision will be coming to an end with the iPhone 17 Pro models later this year. In a post on Chinese social media platform Weibo today, the account Instant Digital said that the iPhone 17 Pro models will have an aluminum...
iOS 26 Feature

Everything New in iOS 26 Beta 3

Monday July 7, 2025 1:20 pm PDT by
Apple is continuing to refine and update iOS 26, and beta three features smaller changes than we saw in beta 2, plus further tweaks to the Liquid Glass design. Apple is gearing up for the next phase of beta testing, and the company has promised that a public beta is set to come out in July. Transparency In some apps like Apple Music, Podcasts, and the App Store, Apple has toned down the...
apple wallet drivers license feature iPhone 15 pro

Apple Says iPhone Driver's Licenses Will Expand to These 8 U.S. States

Tuesday July 8, 2025 11:26 am PDT by
In select U.S. states, residents can add their driver's license or state ID to the Wallet app on the iPhone and Apple Watch, providing a convenient and contactless way to display proof of identity or age at select airports and businesses, and in select apps. Unfortunately, this feature continues to roll out very slowly since it was announced in 2021, with only nine U.S. states, Puerto Rico,...
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...
apple account card feature

Apple Account Card Expanding to More Countries

Tuesday July 8, 2025 7:34 pm PDT by
Apple is expanding the ability to add an Apple Account Card to the Wallet app to more countries, according to backend Apple Pay changes. With iOS 15.5, Apple updated the Wallet app to allow users to add an Apple Account Card, which displays the Apple credit balance associated with an Apple ID. If you receive an Apple gift card, for example, it is added to an Apple Account that is also...
iPhone 17 Pro in Hand Feature Lowgo

Leaker Reveals Amount of RAM in iPhone 17 Through iPhone 17 Pro Max

Wednesday July 9, 2025 8:08 am PDT by
Three out of four iPhone 17 models will feature more RAM than the equivalent iPhone 16 models, according to a new leak that aligns with previous rumors. The all-new iPhone 17 Air, the iPhone 17 Pro, and the iPhone 17 Pro Max will each be equipped with 12GB of RAM, according to Fixed Focus Digital, an account with more than two million followers on Chinese social media platform Weibo. The...
iphone 16 pro models 1

Here's How the iPhone 17 Pro Max Will Compare to the iPhone 17 Pro

Saturday July 5, 2025 1:00 pm PDT by
Apple should unveil the iPhone 17 series in September, and there might be one bigger difference between the Pro and Pro Max models this year. As always, the Pro Max model will be larger than the Pro model:iPhone 17 Pro: 6.3-inch display iPhone 17 Pro Max: 6.9-inch displayGiven the Pro Max is physically larger than the Pro, it has more internal space, allowing for a larger battery and...
imac video apple feature

Apple Launching These 15+ Products Later This Year

Sunday July 6, 2025 8:05 am PDT by
The calendar has turned to July, meaning that 2025 is now more than half over. And while the summer months are often quiet for Apple, the company still has more than a dozen products coming later this year, according to rumors. Below, we have outlined at least 15 new Apple products that are expected to launch later this year, along with key rumored features for each. iPhone 17 Series iPho...

Top Rated Comments

Kaibelf Avatar
159 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
159 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
159 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
159 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
159 months ago
Cry me a river. :rolleyes:

No.
Score: 9 Votes (Like | Disagree)
petsounds Avatar
159 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)