Seven Apple executives this week received major stock awards after restricted stock units or RSUs awarded in 2014 and 2015 vested.

Apple issues RSUs to its executives as bonus compensation, with the restricted units vesting after a set period of time as long as the employee stays with the company.

appleexecsstockawards
Phil Schiller, Dan Riccio, Jeff Williams, and Eddy Cue all received 130,117 shares, worth more than $22 million at Apple's current price per share. Luca Maestri, Angela Ahrendts, and Craig Federighi all received ~77,000 shares.

Shares received by each were originally awarded on March 3, 2014; October 17, 2014; and October 5, 2015, with Riccio, Williams, Cue, and Schiller receiving stock from all three dates and Maestri, Ahrendts, and Federighi receiving stock from the October awards. The March 2014 award has now fully vested for employees who received it, while employees who received the other two rewards will see additional shares vest on April 1, 2019 and April 1, 2020.

A portion of each award was withheld by Apple to satisfy tax withholding requirements on vesting of restricted stock units.

Tag: Stock

Top Rated Comments

timborama Avatar
timborama
54 months ago
I hope Eddy got the lion's share of it. Apple is nothing without Mr Cue.
Thanks for the comment Mrs. Cue. :rollseyes:
Score: 10 Votes (Like | Disagree)
Blackstick Avatar
Blackstick
54 months ago
I’m amazed how many people here most likely earning less than $150k are defending the insane compensation these folks get. They don’t do the work at all, not even their VPs do much. It’s their directors, senior managers, line managers and Team Leaders getting their individual contributors to move the needle and keep the gears moving.
Score: 6 Votes (Like | Disagree)
Naraxus Avatar
Naraxus
54 months ago
Good for them, they certainly earn it.
Please tell me what Eddy does and has done that is worth anywhere CLOSE to $5 much less 22 million.
Score: 6 Votes (Like | Disagree)
69650 Avatar
69650
54 months ago
The gravy train continues. Not one of them have earned this reward.
Score: 5 Votes (Like | Disagree)
826317 Avatar
826317
54 months ago
Can you really say that 1 person is important enough for a corporation that they deserve $22 million in bonus shares?
Score: 5 Votes (Like | Disagree)
Strelok Avatar
Strelok
54 months ago
The gravy train continues. Not one of them have earned this reward.
What are you talking about? They hit whatever goals they were given, your opinion is not a goal.
Score: 3 Votes (Like | Disagree)
Read All Comments

Popular Stories

iOS 16 mock for article

Gurman: iOS 16 to Include New Ways of System Interaction and 'Fresh Apple Apps'

Sunday May 15, 2022 6:14 am PDT by
iOS 16 will include new ways of interacting with the system and some "fresh Apple apps," Bloomberg's Mark Gurman has said, offering some more detail on what Apple has in store for the upcoming release of iOS and iPadOS set to be announced in a few weeks at WWDC. In the latest edition of his Power On newsletter, Gurman wrote that while iOS 16 is not likely to introduce a major face-lift to...
Read Full Article • 251 comments
maxresdefault

Unbox Therapy Shares Hands-On Look at iPhone 14 Pro Max Replica

Monday May 16, 2022 4:40 am PDT by
YouTuber Unbox Therapy has shared a hands-on look at the iPhone 14 Pro Max using what he claims is a one-to-one replica created by third-party case makers with access to detailed schematics and dimensions for Apple's new upcoming flagship smartphone. As with the iPhone 13 Pro lineup, in 2022, we are expecting a 6.1-inch iPhone 14 Pro and a 6.7-inch iPhone 14 Pro Max, but this time the Pro...
Read Full Article • 137 comments
RIP iPod Feature

RIP iPod: A Look Back at Apple's Iconic Music Player Over the Years

Friday May 13, 2022 2:25 pm PDT by
Apple earlier this week announced the discontinuation of the iPod touch, and because it was the last iPod still available for purchase, its sunsetting effectively marks the end of the entire iPod lineup. To send the iPod on its way, we thought it would be fun to take a look back at some of the most notable iPod releases over the last 21 years. Original iPod (2001) Introduced in October...
Read Full Article • 107 comments
macOS Monterey 2

Apple Releases macOS Monterey 12.4 With Support for Studio Display Webcam Update

Monday May 16, 2022 10:10 am PDT by
Apple today released macOS Monterey 12.4, the fourth major update to the macOS Monterey operating system that launched in October 2021. macOS Monterey 12.4 comes over two months after the launch of macOS Monterey 12.3, an update that added Universal Control. The ‌‌‌‌‌macOS Monterey‌‌ 12.4 update can be downloaded on all eligible Macs using the Software Update section of System...
Read Full Article • 121 comments
iOS 15

Apple Releases iOS 15.5 and iPadOS 15.5 With Wallet and Podcast Updates

Monday May 16, 2022 10:00 am PDT by
Apple today released iOS 15.5 and iPadOS 15.5, the fifth major updates to the iOS and iPadOS 15 operating systems that were initially released in September 2021. iOS and iPadOS 15.5 come a little over two months after the launch of iOS 15.4 and iPadOS 15.4. The iOS 15.5 and iPadOS 15.5 updates can be downloaded for free and the software is available on all eligible devices over-the-air in...
Read Full Article • 38 comments
airpodsprodesign

Kuo: AirPods, MagSafe Battery Pack, and Other Apple Accessories Also to Switch to USB-C in Future

Sunday May 15, 2022 5:59 am PDT by
Earlier this week, well-known Apple analyst Ming-Chi Kuo claimed that Apple plans to release at least one iPhone 15 model with a USB-C port in 2023. Now, in a follow-up tweet, he has claimed that accessories like AirPods, the MagSafe Battery Pack, and the Magic Keyboard/Mouse/Trackpad trio would also switch to USB-C in the "foreseeable future." Both the iPhone and all of the aforementioned...
Read Full Article • 168 comments
apple tv 4k design green

Apple Releases tvOS 15.5 for Apple TV HD and Apple TV 4K

Monday May 16, 2022 9:57 am PDT by
Apple today released tvOS 15.5, the fifth major update to the tvOS operating system that first launched in September 2021. tvOS 15.5 comes more than two months after the release of tvOS 15.4, an update that brought support for captive WiFi networks. tvOS 15.5 can be downloaded over the air on the Apple TV through the Settings app by going to System > Software Update. ‌‌‌‌‌‌Apple...
Read Full Article • 34 comments