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.
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
74 comments
Apple is today sending out notifications to Apple Music subscribers that, when tapped, allows them to send a referral to friend to sign up for a free one-month subscription to Apple Music.
...
Apple recently purchased PullString, a San Francisco startup that enables the design and publishing of voice apps through its PullString Converse platform, reports Axios.
PullString could be...
Apple is planning to release AirPods that feature a new surface coating, wireless charging, and a black color option, according to a report from Taiwanese Economic Daily News.
Apple supplier...
Apple today shared a new "Bokeh'd" video on its YouTube channel, which highlights the Depth Control feature on the iPhone XS, XS Max, and XR.
In the spot, a group of mothers are...
If you've deleted your DMs, they may be unavailable on your phone and on the web, but Twitter is still saving them, according to data from security researcher Karan Saini that was shared today by...
iPhone XS Max users experience more than two times faster real-world LTE data speeds as iPhone 5s users on average in the United States, according to OpenSignal, although there are caveats to...
Last August, Apple Music was updated with a new section in Browse curated by Deutsche Grammophon, one of the biggest classical music labels in the world. While classical music fans welcomed the...
Samsung has leaked its upcoming wearables lineup through its Galaxy Wearable app for Android ahead of its February 20 event.
Image credit: SamCentralTech
As spotted by Twitter account...
