Apple CEO Tim Cook Earned $63.2 Million in 2023

Apple CEO Tim Cook earned $63.2 million in 2023, down from $99.4 million in 2022, according to the Apple proxy statement that was released today.

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Cook's total earnings included a $3 million base salary, $47 million in stock awards, $10.7 million in performance-based bonus awards, and $2.5 million in other compensation, which included 401(k) contributions, term life insurance premiums, vacation cash-out, security expenses, and personal air travel expenses.

Cook owns a total of 3,280,053 shares of Apple stock at the current time, as well as an additional 1,291,086 RSUs that have not yet vested.

In 2023, Apple's board of directors, shareholders, and Cook himself decided to decrease Cook's compensation. His target award was $49 million, which was ultimately exceeded due Apple's performance. For 2024, Cook's target equity award is set at $50 million, with 75 percent of that subjected to performance-based vesting.

Other senior executives, including Luca Maestri, Kate Adams, Deirdre O'Brien, and Jeff Williams, earned approximately $27 million each, most in the form of stock awards.

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Top Rated Comments

blazerunner Avatar
23 weeks ago
He should get 4 times that amount. He works harder than everyone who's going to comment in this thread; combined. If Apple had a tipping system, I'd be throwing my money his way. The guy needs more, because he's the head of my favourite corporate entity that makes a shiny new phone every year that I need to have.

Congrats Tim, from all of us at MacRumors, you've earned your salary and then.. enjoy your 23rd yacht! It's on us!
Score: 25 Votes (Like | Disagree)
coffeemilktea Avatar
23 weeks ago
Well, that explains why extra RAM costs so much. :p
Score: 22 Votes (Like | Disagree)
grantishere Avatar
23 weeks ago
Tim should donate his money. $63 million is way more than enough to live comfortably.
Score: 21 Votes (Like | Disagree)
CharlesShaw Avatar
23 weeks ago

Tim should donate his money. $63 million is way more than enough to live comfortably.
Years ago, Fortune reported that Tim Cook was planning to donate his entire fortune.

https://fortune.com/2015/03/26/tim-cook/
Score: 14 Votes (Like | Disagree)
Morod Avatar
23 weeks ago
$63, down from $99? Maybe we should start a GoFundMe page for him.
Score: 14 Votes (Like | Disagree)
macos9rules Avatar
23 weeks ago
I wouldn't change my life with his life.
Score: 14 Votes (Like | Disagree)