Apple CEO Tim Cook Earned $14.8 Million in 2020, Not Counting Stock Awards

Apple CEO Tim Cook earned more than $14 million in salary in 2020 according to the 2020 proxy statement that Apple filed with the SEC this afternoon.

timcooktulane
Cook earned a base salary of $3,000,000 in addition to $10,731,000 in incentives awarded for performance. Apple's performance exceeded the target performance goals for net sales and operating income, leading to a total payout of 179 percent of the total payout opportunity for Cook and other Apple executives.

Cook also received $1,038,259 in "other compensation" for a total of $14,769,259. This includes $17,100 in 401(k) contributions, term life insurance payments, a $115,385 vacation cash out, security expenses in the amount of $470,246, and $432,564 in personal air travel expenses. Apple requires Cook to use a private airplane for security reasons.

apple executive compensation sec
In 2019, Cook earned $11.5 million, receiving less under Apple's incentive plan compensation. Cook's 2020 compensation package does not include stock benefits. Cook in September received restricted stock units worth more than $100 million to ensure that he remains Apple's CEO through 2025. Cook also sold $131.7 million in Apple stock in August 2020.

Over the course of 2020, Cook's net worth climbed to over $1 billion, according to calculations from Bloomberg.

Other Apple executives, including Luca Maestri, Kate Adams, Deidre O'Brien, and Jeff Williams received over $26 million each.

Top Rated Comments

Turnpike Avatar
1 week ago
Probably one of the few CEO's that can justify almost anything he's being paid. As far as Apple the company is concerned, he does as good a job as anyone could.
Score: 29 Votes (Like | Disagree)
farewelwilliams Avatar
1 week ago
Craig needs a raise tho
Score: 21 Votes (Like | Disagree)
iisdan Avatar
1 week ago
Earned every penny
Score: 14 Votes (Like | Disagree)
Apple_Robert Avatar
1 week ago


This is why no charger included anymore. It has nothing to do with saving the world environment.

Logical fallacy alert.
Score: 8 Votes (Like | Disagree)
SubduedTiger Avatar
1 week ago
Oh good. He can spring for the extra fennel pollen on his wagyu beef.
Score: 7 Votes (Like | Disagree)
now i see it Avatar
1 week ago
That picture is ancient.
He's squirreled away so many hundreds of millions of dollars over the years that it's meaningless now. He could get a bonus for 1 billion dollars and it wouldn't change his life one tiny bit.
There comes a point were more is nothing. TC reached that milestone a long time ago
Score: 6 Votes (Like | Disagree)

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