Apple Doles Out $60 Million Stock Grants to Top Executives
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Apple Inc., seeking to retain its management team in the wake of former Chief Executive Officer Steve Jobs’s death last month, gave $60 million restricted-stock grants to most of its senior vice presidents.
Software executive Scott Forstall, hardware manager Bob Mansfield, Chief Financial Officer Peter Oppenheimer, marketing chief Phil Schiller, General Counsel Bruce Sewell and operations manager Jeff Williams each received 150,000 in restricted stock units, which vest between 2013 and 2016, according to filings today. Eddy Cue, a newer senior vice president who handles Internet software, received 100,000 stock units.