Katherine Adams


'Katherine Adams' Articles

Apple's New Chief Lawyer Katherine Adams Welcomed With Multimillion-Dollar Bonus Package of Restricted Stock

Apple's incoming chief lawyer Katherine Adams has received a generous bonus package in the form of restricted stock units, or RSUs, according to a mandatory disclosure filed with the U.S. Securities and Exchange Commission this week. Katherine Adams The first part of the award consists of 57,482 RSUs that vest in quarterly instalments on the 13th day of May 2018, November 2018, November 2019, and November 2020, so long as Adams remains employed by Apple on those dates. The second part of the award consists of up to 57,482 RSUs, a percentage of which will vest on October 1, 2020 based on Apple's relative total shareholder return between November 13, 2017 and September 26, 2020. Based on Apple's performance compared to companies in the S&P 500 over the next three years, Adams can see the second part of her award increased by as much as 100 percent, or decreased to zero if Apple were to underperform. Based on Apple's closing price of $169.08 on Wednesday, each portion of 57,482 RSUs is worth slightly over $9.7 million for a potential total value of $19.4 million. The amount could be higher or lower based on Apple's performance. Apple frequently awards its senior executives with restricted stock units as an incentive for them to stay with the company. Adams will succeed the retiring Bruce Sewell as Apple's General Counsel and Senior Vice President of Legal and Global Security at the end of the year. She was previously general counsel at Honeywell. Apple's general counsel oversees all legal matters, including corporate governance, intellectual property,

Katherine Adams to Become Apple's New General Counsel as Bruce Sewell Set to Retire This Year

Apple today announced that Katherine Adams will join Apple as General Counsel and Senior Vice President of Legal and Global Security this year. She will serve as the chief lawyer of Apple's legal department and report to Apple CEO Tim Cook. Katherine Adams, left, will replace Bruce Sewell as Apple's general counsel Adams will replace Bruce Sewell, who has served as Apple's general counsel since 2009 and will be retiring at the end of the year. Apple's general counsel oversees all legal matters, including corporate governance, intellectual property, litigation and securities compliance, global security, and privacy, according to Sewell's executive bio. Cook said Adams is a "seasoned leader with outstanding judgment" in her field. He also offered best wishes to Sewell.We are thrilled to welcome Kate to our team. She's a seasoned leader with outstanding judgment and that has worked on a wide variety of legal cases globally. Throughout her career she's also been an advocate on many of the values we at Apple hold dear. Bruce has our best wishes for his retirement, after eight years of dedicated service to Apple and a tremendously successful career. He has tirelessly defended our IP, our customers' right to privacy and our values. Bruce has set a new standard for general counsels, and I am proud to have worked with him and proud to call him a friend.Adams said "it's an honor" to join Apple.Apple has had a tremendous impact on the world and it's an honor to join their team. I'm excited to help Apple continue to grow and evolve around the world, protecting their ideas