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.

appleexectives
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

Aluminum213 Avatar
87 months ago
And they increased the price of the iPad Pro and every other product imaginable. God bless capitalism
Score: 8 Votes (Like | Disagree)
69650 Avatar
87 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.
Score: 8 Votes (Like | Disagree)
nvmls Avatar
87 months ago
What have you created lately?
A fanboy magnet, you?
Score: 8 Votes (Like | Disagree)
theelysium Avatar
87 months ago
Eeeh over paid!
Score: 7 Votes (Like | Disagree)
macTW Avatar
87 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.
Score: 4 Votes (Like | Disagree)
Soccertess Avatar
87 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!)
Score: 4 Votes (Like | Disagree)

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