Apple LogoSeveral Apple executives were today awarded 128,584 restricted stock units or RSUs worth upwards of $20 million at Apple's current price. The RSUs are set to vest after a set period of time and serve as bonus compensation to encourage employees to stay with the company.

Johny Srouji, Phil Schiller, Dan Riccio, Luca Maestri, Craig Federighi, Eddy Cue, and Angela Ahrendts all received 128,584 restricted stock units this month. 64,885 RSUs were awarded on 10/1, while an additional 63,699 were awarded on 10/15.

For the first batch, the vesting of the restricted stock units depends on Apple's total shareholder return starting on the first day of fiscal 2018 and ending on the last day of fiscal 2020. Up to 200 percent of the shares can vest should Apple's performance in the S&P 500 be in the 85th percentile or higher relative to other companies.

If Apple's performance falls below that, a smaller percentage of shares will vest, but should the company hit its target, each executive could receive 129,770 shares worth over $20 million at today's prices. Apple did not hit that target with its last performance based stock award.

The second batch of RSUs will vest over time and each executive will see the full award of 63,699 shares should they stay with the company. One-third of the shares will vest on April 1, 2020, another third on April 1, 2021, and the final third on April 1, 2022. Chris Kondo, Apple Senior Director of Corporate Accounting, also received a smaller award of 12,740 shares that will vest starting in 2018.

At a maximum, each executive could earn up to 193,469 shares by 2022, worth more than $30 million today.

Tag: Stock

Top Rated Comments

blackberrycubed Avatar
45 months ago
Overpayed management and a bean counter at the helm. Lord help us......

Phill schiller is the one I abhor the most.
Score: 3 Votes (Like | Disagree)
69Mustang Avatar
45 months ago
they didn't source the module because it didn't exist. kinect was this giant device that sit in front of your TV. Apple invented the mobile version after they bought primasense.
so no they didn't "source" it.

also the software for face id didn't exist. who do you think engineered the software for secure facial recognition.
You've assumed a lot. Most of it's wrong. Hardly any of it is sourced. Beyond the fact that Apple acquired Primesense, and early Primesense tech was used in the original Kinect... yeah, nothing else you've assumed is correct. Cursory internet info would tell you that.
Score: 2 Votes (Like | Disagree)
timborama Avatar
45 months ago
incorrect
they bought primasense (the people that made kinect) and engineered the mobile version of it. one that doesn't take up too much space or power.
Ok yu proved my point, primasense desgined it.
Score: 2 Votes (Like | Disagree)
farewelwilliams Avatar
45 months ago
Dan Riccio? How so?
shrinking an xbox kinect into a portable device for the face id feature ain't easy.
Score: 1 Votes (Like | Disagree)
farewelwilliams Avatar
45 months ago
I'm still inclined to believe the company they purchase the part from had a slightly larger hand in making it but hey, that's just my opinion.
it's not like primasense already made the mobile module and then Apple purchased it -> slapped it on the iPhone without any additional engineering.

and this isn't the ONLY reason why Dan Riccio deserved the shares. he still needs to worry about the iPad and Macs
Score: 1 Votes (Like | Disagree)
Brookzy Avatar
45 months ago
Nothing for Ive and cook?
Ive's promotion to Chief Design Officer a few years back - meaning he is no longer a SVP - was partially so they could stop disclosing his remuneration.

And you can bet that's because he's by a long, long way Apple's highest paid employee.
Score: 1 Votes (Like | Disagree)

Top Stories

new m1 chip

M1 Mac RAM and SSD Upgrades Found to Be Possible After Purchase

Tuesday April 6, 2021 5:34 am PDT by
Technicians in China have reportedly succeeded in upgrading the memory and storage of the M1 chip, suggesting that Apple's integrated custom silicon for the Mac may be more flexible than previously thought. Reports of maintenance technicians being able to expand the memory and storage of M1 Macs began circulating on Chinese social media over the weekend, but now international reports have...
sonny 2021 ipad mini pro dummies

Leaked Dummy Units Show iPad Mini 6 With Thick Bezels and Home Button, New iPad Pro Models

Thursday April 8, 2021 2:11 am PDT by
Rumors suggest Apple will release refreshed versions of the iPad mini and iPad Pro models in the first half of this year, potentially as soon as this month, and a new leak today has provided us with a possible preview of what to expect in terms of the devices' overall design and camera prospects. Tech leaker and Apple blogger Sonny Dickson this morning shared images on Twitter showing dummy ...
apple music for artists new icon

Apple's Revamped Apple Music for Artists Icon Leads to Speculation About iOS 15 Design Plans

Tuesday April 6, 2021 1:03 pm PDT by
Apple yesterday updated its Apple Music for Artists app with some minor bug fixes and improvements, but also one other notable change -- a new icon. New icon on the right The Apple Music for Artists app now features a simpler, streamlined icon with a pinkish red music logo rather than the multicolored logo that was used before. The icon also has an embossed look that makes it stand out from...
iPhone trade in

Apple Adjusts Trade-In Value of iPad Pro, iPhone 11, and Select Mac Models

Monday April 5, 2021 1:54 am PDT by
Apple has adjusted the trade-in values of a number of its products, including the majority of the iPad and Mac lineup, while also making some changes to iPhone. Apple's trade-in program allows customers to trade-in older devices, and receive a certain amount of value for them, to use towards a purchase of a new device. The exact trade-in value a device has is measured by its condition, when ...
samsung galaxy iphone

Samsung's 'iTest' Lets You Try a Galaxy Device on Your iPhone

Thursday April 8, 2021 12:42 pm PDT by
Samsung has launched "iTest," an interactive website experience that's designed to allow iPhone users to test out Android on a Galaxy device, or "sample the other side," as Samsung puts it. The iTest website is being advertised in New Zealand, according to a MacRumors reader who came across the feature. Visiting the iTest website on an iPhone prompts users to install a web app to the Home...
apple find my network

Apple Announces Find My Network With Support for Third-Party Devices

Wednesday April 7, 2021 10:06 am PDT by
Apple today announced the launch of its Find My network accessory program, which is designed to allow third-party Bluetooth devices to be tracked in the Find My app right alongside your Apple devices. According to Apple, the first accessory companies to take advantage of the new Find My integration include Belkin, Chipolo, and VanMoof, with devices set to be available beginning next week. ...
Intel MBP Is Thin and Lighjt

Intel Ad for 'World's Best Processor' Features a MacBook Pro

Wednesday April 7, 2021 9:51 am PDT by
Intel has been on a relentless marketing drive against Mac computers in recent weeks, positioning them as inferior to Windows laptops powered by Intel processors. In a slight slip-up, however, Intel has accidentally used a MacBook instead of a Windows laptop in one of its newest ads to promote one of its new 11th-generation chips as "the world's best processor." The ad appeared on Reddit and ...
tmobile 5g modem

T-Mobile Launches Unlimited 5G Home Internet for $60/Month

Wednesday April 7, 2021 2:18 pm PDT by
T-Mobile today hosted an Un-carrier event where the company announced the launch of a a new 5G home internet plan, which is priced at $60 per month and offers unlimited data. The service is available to more than 30 million Americans across much of the United States, including 10 million households in rural areas not typically able to access reliable broadband. Connectivity will be either 4G ...
iPhone 13 Notch Feature

Mass Production of A15 Chip for iPhone 13 Set to Begin Ahead of Schedule in Late May

Tuesday April 6, 2021 7:29 am PDT by
Longtime Apple supplier TSMC is set to begin mass shipments of Apple's upcoming A15 chip for the iPhone 13 ahead of schedule at the end of May, according to a snippet of a full report set to be published tomorrow by DigiTimes. The new chip will be based on an enhanced version of the 5nm process, which first debuted in the A14 Bionic with the 2020 iPad Air and iPhone 12 lineup. While the full ...
Whatsapp Feature

WhatsApp Testing Ability to Transfer Chats Between iOS and Android

Tuesday April 6, 2021 12:37 am PDT by
WhatsApp is testing a new feature that will allow users to transfer their chat history, logs, and transcripts between iOS and Android devices, making it easier for WhatsApp users to switch between the two platforms. The new future, in the early stages of development, was brought to light by WABetaInfo, who often shares unreleased and hidden features behind the chatting service. According to ...