Apple’s Cook Reaped $373 Million in Stock in Five Years as CEO
- He met his performance goal of beating two-thirds of S&P 500
- About half of Cook’s original grant has vested so far
Gamco's Ward: Tim Cook Has Done Very Good Job
This article is for subscribers only.
Tim Cook, who marked his five-year anniversary as Apple Inc.’s chief executive officer on Wednesday, received shares valued at $373 million during that period as the iPhone maker’s stock doubled on his watch.
When Cook took the helm in 2011, he was granted 1 million shares. Originally, 50 percent of those were scheduled to vest on his five-year anniversary, with the rest coming due after a decade with the company. That changed in 2013, when Cook voluntarily tied one-third of the award to outperforming the S&P 500 Index and the shares began vesting annually.