Apple Executives Receive Stock Worth Up to $22 Million as RSUs Vest

by

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
35 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
35 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
35 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
35 months ago
The gravy train continues. Not one of them have earned this reward.
Score: 5 Votes (Like | Disagree)
826317 Avatar
35 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
35 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)

Top Stories

m1 chip macbook air pro

Kuo: Redesigned MacBooks With Apple Silicon to Launch in Second Half of 2021

Tuesday November 24, 2020 7:53 pm PST by
Apple plans to release additional MacBook models with Apple Silicon in the second half of 2021, according to analyst Ming-Chi Kuo, as part of the company's two-year transition away from Intel processors across its Mac lineup. In a research note today, obtained by MacRumors, Kuo said that these MacBook models will feature a new design. Kuo did not specify which models these will be, but he...
Apple Watc black friday 20 sale feature

Apple Black Friday 2020: Best Apple Watch Deals [Updated]

Wednesday November 25, 2020 4:01 pm PST by
Black Friday sales have begun on a variety of products, including the Apple Watch. There are quite a few deals across the Apple Watch lineup this year, including one of the lowest price we've ever seen the Apple Watch Series 3. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us keep the...
AirPods Pro black friday 20 sale feature 2

Black Friday 2020: AirPods Pro Reach Lowest Price Ever [Updated]

Wednesday November 25, 2020 3:22 pm PST by
Black Friday has kicked off this week, and one of the first major sales for the AirPods Pro is available right now on Walmart. You can find this deal below, along with a few other solid discounts on the regular AirPods. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site...
13 16 inch macbook pro air trio

Reliable Leaker Suggests Redesigned MacBooks in 2021 Will Include Both Apple Silicon and Intel Models

Wednesday November 25, 2020 9:15 am PST by
Reliable leaker known as "L0vetodream" has today suggested on Twitter that redesigned MacBooks coming in the second half of 2021 will include models with both Apple Silicon chips and Intel processors. The brief Tweet came in response to a MacRumors article from earlier today, which outlined a report from Ming-Chi Kuo claiming that Apple plans to release redesigned MacBook models with Apple ...
mac mini macbook pro macbook air

Apple M1 Hands-On Comparison: MacBook Air vs. MacBook Pro vs. Mac Mini

Monday November 23, 2020 3:40 pm PST by
Apple's M1 Macs are out in the wild now, but ahead of the holidays, you might still be trying to figure out which one to pick up, either for yourself or as a gift for someone else. We've got all three of the new Macs available, so we thought we'd give MacRumors readers a hands-on overview of each machine in our latest YouTube video. Subscribe to the MacRumors YouTube channel for more videos. ...
app store christmas icon

Apple Shutting Down App Store Connect From December 23 to December 27

Monday November 23, 2020 10:14 am PST by
Apple shuts down App Store Connect for a week around the holidays each year in an effort to give App Store staff time off from work. This year, App Store Connect will be unavailable from December 23 to December 27. With App Store Connect unavailable, Apple will not accept new apps or app updates, so all pricing changes and new app submissions need to be locked in before those dates for...
iPads black friday 20 sale feature

Apple Black Friday 2020: Best iPad Deals [Updated]

Tuesday November 24, 2020 8:51 am PST by
Black Friday is underway, and we're tracking discounts across Apple's lineup of iPads, including the current-generation 10.2-inch iPad, iPad Air, and iPad Pro. We'll be keeping this post updated as new deals appear and current ones expire, so be sure to keep checking back for the latest. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a...
Target November Deals 1

Black Friday Spotlight: Target Begins Week-Long Sale With Deals on iPhone 12, Powerbeats Pro, and More

Monday November 23, 2020 8:07 am PST by
We've been tracking early Black Friday deals in our dedicated Black Friday Roundup, and in an effort to prepare our readers for the big shopping event we're highlighting sales store-by-store in the lead-up to November 27. Note: MacRumors is an affiliate partner with Target. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running....
new mac mini logicpro screen

M1 Macs Able to Run Up to Six External Displays Using DisplayLink

Tuesday November 24, 2020 6:53 am PST by
It is possible to run up to six external displays from the M1 Mac mini, and five external displays from the M1 MacBook Air and MacBook Pro, with the aid of DisplayPort adapters, according to YouTuber Ruslan Tulupov. This far exceeds Apple's specified limits on external displays with the M1 Macs. Apple's host of new M1 Macs are not capable of supporting as many external displays as their...
2020 apple shopping event

Apple Offering Up to $150 Gift Card With Select Products on Black Friday Through Cyber Monday

Monday November 23, 2020 2:53 am PST by
Apple has announced its annual four-day shopping event, offering customers up to a $150 Apple Store gift card with the purchase of select products between Black Friday and Cyber Monday in the United States. The gift card values in the United States are as follows: $150 for 16-inch MacBook Pro $150 for 21.5-inch iMac $50 for 13-inch MacBook Pro $50 for MacBook Air $50 for iPhone SE,...