Angela Ahrendts HeadshotNew Apple Senior Vice President of Retail and Online Stores Angela Ahrendts has received a signing bonus potentially worth $68 million at current share prices, in the form of 113,334 restricted stock units that vest over the next four years.

Ahrendts will receive shares spread over several different vesting periods between June 1, 2014 and June 14, 2018, assuming Ahrendts stays with the company. Were Apple's share price to rise, the RSUs could potentially be worth significantly more over that time.

A restricted stock unit is a standard form of stock compensation that reward employees for staying with the company. They are used as general compensation and for employee retention. Each RSU converts to one share of stock on its vesting date, typically set annually based on award date.

Because of Apple's upcoming 7:1 stock split, awarded RSUs will be multiplied by seven to maintain value. Apple does award dividends to employee holders of RSUs as if they were standard shares, so the more than 110,000 shares that Ahrendts holds will be worth nearly $1.5 million in yearly dividend payments.

Angela Ahrendts officially joined Apple earlier this month.

Top Rated Comments

huggyb Avatar
130 months ago
is anybody really worth that kind of signing bonus when they haven't even seen how she performs? So weird to me, imo.
Score: 23 Votes (Like | Disagree)
vartanarsen Avatar
130 months ago
Don't care who you are... Nobody is worth that much a signing bonus
Score: 21 Votes (Like | Disagree)
michaelsviews Avatar
130 months ago
Your Kidding

NO ONE, absolutely NO ONE is worth this. And this is one of the reason's the economy is crap. Over inflated salary's.
Score: 19 Votes (Like | Disagree)
PJL500 Avatar
130 months ago
That's more than I'll make in my lifetime. And she gets that just for signing on to Apple? Dang.

Assuming you average $200K p/a income over your 40yr working life (lucky you) her sign-on bonus is more than you'd make in 8 of your lifetimes. Jus saying'.
Score: 19 Votes (Like | Disagree)
joshwenke Avatar
130 months ago
That's more than I'll make in my lifetime. And she gets that just for signing on to Apple? Dang.
Score: 15 Votes (Like | Disagree)
flychild Avatar
130 months ago
while Foxconn slave away
Score: 13 Votes (Like | Disagree)

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