Apple's New Hardware Chief Johny Srouji Awarded Nearly $10 Million in Stock

by

johny_srouji_appleApple's newly promoted Senior Vice President of Hardware Technologies Johny Srouji was awarded 90,270 restricted stock units on October 5, 2015, according to a recent filing with the U.S. Securities and Exchange Commission. The RSUs awarded vest 12.5% in semi-annual installments over a four year period ending October 2019.

Srouji now has a total of 217,305 RSUs and 101,881 common stock units, which together amount to just over $34 million at AAPL's current trading price of around $107 per share. The latest batch of 90,270 RSUs are currently valued at approximately $9.6 million.

Apple often rewards high-level executives with RSUs based on their performance. In August, for example, Apple CEO Tim Cook and Senior Vice President of Internet Software and Services Eddy Cue received 560,000 and 350,000 RSUs respectively worth over $97 million combined. Apple retail chief Angela Ahrendts also received 113,334 RSUs as a signing bonus upon joining Apple in May 2014.

Srouji was promoted to Senior Vice President of Hardware Technologies on December 17, as part of a larger executive team makeover that saw Jeff Williams promoted to COO and marketing chief Phil Schiller take over App Store leadership across all Apple platforms. Tor Myhren, chief creative officer at ad agency Grey, will also join Apple in early 2016 as Vice President of Marketing Communications.

Srouji joined Apple in 2008 to lead development of the A4 chip for iPhone 4, and he now oversees silicon and hardware technologies, including batteries, application processors, storage controllers, sensors silicon, display silicon and other chipsets across Apple's entire product line. Prior to Apple, he held senior positions at Intel and IBM in the areas of processor development and design.

Top Rated Comments

(View all)
Avatar
63 months ago

I know how I would spend it if I had $5M or so (I'd own a nice house... Maybe get a vacation house... Get two Teslas... And retire to do whatever projects I want for the rest of my life) but I have no idea what you'd even do with money after that.

At some point you could get a yacht or a plane or something... But I don't really see the point. Seems that premium seats would get you most of the same niceties at a far lower price.

Psssh. Where's your imagination. I'd get hookers and blow... and a statue of a hooker made out of blow. I'd buy a Capuchin monkey and hire a guy to do nothing but let the monkey hit him with pies... pies made of blow. I'd hire a big ass group of civil war reenactors and force them to reenact the Peloponnesian war in full Civil War dress. I'd buy the monkey an Apple Watch. I would not buy the monkey an iPhone though. Cuz, I mean seriously, monkeys don't need a phone. Besides, he'd only accrue excessive data charges with Wifi Assist.

/takes meds

/falls asleep
Score: 9 Votes (Like | Disagree)
Avatar
63 months ago

You'd be broke before you know it maintaining that large house and two 100k cars.

Plus... nobody would give someone $5 million, if they were the kind of person that would then immediately retire.
I think that kind of money is reserved for people passionate about their careers, who would work hard, achieve much, and leave a legacy.
Score: 5 Votes (Like | Disagree)
Avatar
63 months ago
Apple A series processor is years ahead of the rest of the industry. He definitely deserves the rewards.
Score: 5 Votes (Like | Disagree)
Avatar
63 months ago

I know how I would spend it if I had $5M or so (I'd own a nice house... Maybe get a vacation house... Get two Teslas... And retire to do whatever projects I want for the rest of my life) but I have no idea what you'd even do with money after that.

At some point you could get a yacht or a plane or something... But I don't really see the point. Seems that premium seats would get you most of the same niceties at a far lower price.

You'd be broke before you know it maintaining that large house and two 100k cars.
Score: 4 Votes (Like | Disagree)
Avatar
63 months ago

If I were the majority shareholder at Apple:

1.Tim Cook would be unemployed.

Why?

Apple Watch = Fail
Apple Maps = Fail
Siri = Fail
Apple Pay = Way too slow of an adoption rate, and the greed before widespread adoption comes first, so fail.

16 GB base for iPhone with $199 on contract = fail.
Shrinking stock price = Fail.
Apple Music = Fail.

The company's last keynote presentation would also have me worried that the company is starting to decline a bit.

2. There would be more Apple Stores

There's a grand total of one Apple Store in upstate NY, ONE.

I'm sure other areas have the same problem, where customers have to drive 2 hours just to go to the nearest Apple Store.


I know stockholders don't have the power to make every decision for the company, but they do have the power to overthrow the CEO.

Leftover Christmas brandied eggnog or pre-New Years champaign? Either way, your drunk.:p
Score: 3 Votes (Like | Disagree)
Avatar
63 months ago
If I were the majority shareholder at Apple:

1.Tim Cook would be unemployed.

Why?

Apple Watch = Fail
Apple Maps = Fail
Siri = Fail
Apple Pay = Way too slow of an adoption rate, and the greed before widespread adoption comes first, so fail.

16 GB base for iPhone with $199 on contract = fail.
Shrinking stock price = Fail.
Apple Music = Fail.

The company's last keynote presentation would also have me worried that the company is starting to decline a bit.

2. There would be more Apple Stores

There's a grand total of one Apple Store in upstate NY, ONE.

I'm sure other areas have the same problem, where customers have to drive 2 hours just to go to the nearest Apple Store.


I know stockholders don't have the power to make every decision for the company, but they do have the power to overthrow the CEO.
Score: 2 Votes (Like | Disagree)

Top Stories

Samsung Mocks Apple for Ditching Power Adapters With iPhone 12 Lineup

Thursday October 15, 2020 11:51 am PDT by
Samsung on its social channels is mocking Apple for removing the power adapter from the iPhone 12 lineup and other iPhone models, pointing out the fact that the Samsung Galaxy smartphones continue to ship with a power adapter. "Included with your Galaxy," reads a Samsung Facebook post that features a picture of a power adapter. Apple notably is no longer providing power adapters or...

iPhone 12 Pro Pre-Orders Already Selling Out With Delivery Times Pushing Into November

Friday October 16, 2020 6:35 am PDT by
Apple today opened pre-orders for the 6.1-inch models of the iPhone 12 and iPhone 12 Pro through its website and the Apple Store app, and estimated delivery times are already slipping into November for select configurations in the United States. Customers ordering a SIM-free/Pacific Blue/128GB version of the iPhone 12 Pro, for example, are already facing an estimated delivery window of...

HomePod Mini Cable is Non-Detachable, Ends With USB-C Connector for Use With Included 20W Power Adapter

Friday October 16, 2020 12:45 pm PDT by
While not detailed in the tech specs, MacRumors can confirm that Apple's new HomePod mini features a non-detachable power cable that ends with a USB-C connector for use with the 20W power adapter included in the box. With the switch to USB-C, the HomePod mini could potentially be powered by a wider range of devices and peripherals, ranging from MacBooks to USB-C battery packs with enough...

Apple's New MagSafe Charger and Cases Begin Arriving to Customers

Saturday October 17, 2020 10:10 am PDT by
Apple's new MagSafe charger and cases have begun arriving to some customers earlier than expected, and images of the accessories have started to surface on Twitter. The photos provide a first look at the products in real-world use. As of writing, some MagSafe cases are also available for pickup at select Apple Stores in countries like the United States, Canada, and Germany. Filip...

New Google App Feature Lets You Hum a Song to Search for It

Saturday October 17, 2020 4:05 am PDT by
Google has added a new feature to its Search app that allows you to hum a song that's stuck in your head, and then use the company's machine learning algorithm to try and identify it. In the Google app or using the Google Search widget, tap the mic icon and say "what's this song?" or click the "Search a song" button. Then start humming the tune for 10-15 seconds. When you're done, the...

Brazilian Certifications Suggest iPhone 12 Mini Features 2,227mAh Battery and iPhone 12 Has 2,815mAh Battery

Friday October 16, 2020 1:08 pm PDT by
Apple's iPhone mini has the shortest battery life out of all the iPhones in the iPhone 12 lineup due to its small size, but Apple has not provided public information about the battery's capacity. A regulatory filing from Brazil, however, suggests the iPhone 12 mini has a battery capacity of 2,227mAh. The same regulatory information says the iPhone 12 features a 2,815mAh battery, which is...

Apple Offering Free AirPods With iPhone 11 Purchase in India as Part of Diwali Celebration

Friday October 16, 2020 12:35 pm PDT by
Apple today launched a new Diwali promotion in India that will see the company providing customers with a set of AirPods with the purchase of any iPhone 11 model. The new iPhone 12 models are not part of the promotion. Apple is offering the standard AirPods With Charging Case free with purchase, but customers can choose to upgrade to the AirPods with Wireless Charging Case or the AirPods Pro....

Apple Event to Unveil First Apple Silicon Macs Could Happen on November 17

Friday October 16, 2020 2:24 am PDT by
Apple will hold another digital event on November 17 to announce its first Apple Silicon powered Macs, according to frequent leaker Jon Prosser. Apple has already said that this year it intends to introduce the first Mac powered by an Apple Silicon chip instead of an Intel processor. One thing it hasn't revealed is the date it will be announced. According to Prosser's source, that date is No...

Apple Online Store Down Ahead of iPhone 12 and 12 Pro Pre-Orders

Thursday October 15, 2020 11:15 pm PDT by
Apple's online store is down ahead of iPhone 12 and iPhone 12 Pro pre-orders, which are set to begin at 5:00 a.m. Pacific Time in the United States. "You're... early," reads the Apple Store message when attempting to visit the U.S. website. "Pre-order begins at 5:00 a.m. PDT. Enjoy the extra sleep." Apple used to do new device pre-orders at 12:01 a.m. Pacific Time, but since last year, has...

When You Can Pre-Order the iPhone 12 and 12 Pro in Every Time Zone

Thursday October 15, 2020 10:55 am PDT by
Pre-orders for the iPhone 12 and the iPhone 12 Pro are set to kick off on Friday, October 16 at 5:00 a.m. Pacific Time, which is a new launch time that Apple adopted as of last year. Apple is planning to make the new devices available in multiple countries around the world simultaneously, so we've made a guide to let MacRumors readers know when pre-orders will in their country. Pre-orders...