Apple Executives Receive Stock Worth Over $19 Million Each as RSUs Awarded in 2014 Vest

Eight Apple executives this week received 125,494 shares of stock each after restricted stock units or RSUs first awarded in 2014 vested. Apple issues RSUs, which vest after a set amount of time so long as an employee stays with the company, to its executives as bonus compensation.

Luca Maestri, Craig Federighi, Eddy Cue, Angela Ahrendts, Jeff Williams, Bruce Sewell, Phil Schiller, and Dan Riccio all received the stock awards, worth over $19 million at Apple's current price.


The amount of stock each received was based on Apple's total shareholder return (TSR) relative to other companies in the S&P 500 from September 28, 2014 through September 30, 2017. Apple's TSR during that period was 65.53 percent, which gave it a ranking of 92nd out of the 451 companies in the S&P 500.

That placed Apple in the 80th percentile, so 125,494 RSUs vested. Had Apple's ranking been in the 85th percentile, the executives would have seen a larger reward as 200 percent of the target 68,576 RSUs would have vested.

Over 62,000 shares were withheld by Apple from each distribution to satisfy the tax withholding requirements of vesting RSUs.

Tag: Stock


Top Rated Comments

(View all)
Avatar
13 months ago
And they increased the price of the iPad Pro and every other product imaginable. God bless capitalism
Rating: 8 Votes
Avatar
13 months ago

What have you created lately?


A fanboy magnet, you?
Rating: 8 Votes
Avatar
13 months ago
Apple should reward the people below them that do all the hard work. I’ve not seen anything to warrant these VP payments.
Rating: 8 Votes
Avatar
13 months ago
Eeeh over paid!
Rating: 7 Votes
Avatar
13 months ago
Angela needs to go ASAP their stores are horrible to visit. Absolutely horrid. And Craig needs to call terminex and get rid of those bugs.
Rating: 4 Votes
Avatar
13 months ago
And still people seem to not understand the value these men and women bring to the company as well as the other drivers to price increases.
Rating: 4 Votes
Avatar
13 months ago
bahahah.. Angela Ahrendts.. Someone, please tell me what she has done to make Apple more profitable? She is the biggest waste of space. Take those millions and give out some free dongles!

Apple is suffering, god do their products suck. Come on.. Wireless charging - Qi (5 year old standard that sucks)? Dongles? Siri (OMG, if people could use google now siri would have a 1% adoption rate) While i was impressed with Airpods, macbooks really are quite sad these days.

Tim and Angela need to go, Eddy cue needs to go too for not doing anything with Siri all these years. Can't believe these tards get so much for making half ass products. And Riccio should be put on notice for how much macbooks sucks (even their dongle are weak and suck these days!)
Rating: 4 Votes
Avatar
13 months ago
Wow. That's a lot of money. These stories are so abstract to me. Flippant arbitrary numbers. Life changing numbers are every day to some. I'm just trying to put enough food on the table. A tiny fraction of one of these awards would solve all of my financial problems. I can't help but feel a bit jealous of these people. I'm happy for them, but wonder what all of my hard work is for sometimes, and looking at the world at large - devastating hurricane damage, abysmal out of date gun laws, racism in office and on the ground, and x amount of hardships, it's hard to understand what benefit there is in learning that a handful of people have made a lot of money. Seeing their happy faces, as nice as they are, isn't making my day better, and I'm doubtful that it's particularly great PR for Apple who are seeming more and more out of touch with and out of reach from most people.
Rating: 3 Votes
Avatar
13 months ago

And still people seem to not understand the value these men and women bring to the company as well as the other drivers to price increases.

Those people actually do understand, but they're jealous.
Rating: 3 Votes
Avatar
13 months ago
Sure didn't take long for all the bootstrappers to come around and defend their corporate overlords. Gotta keep selling that American Dream for their masters.
Rating: 3 Votes
[ Read All Comments ]