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Tim Cook Is Poised to Reap $120 Million of Stock After Rally

  • CEO could get his fifth consecutive payout at top end of range
  • The iPhone-maker reached $1 trillion market value this month
Tim Cook
Tim CookPhotographer: Daniel Acker/Bloomberg

Apple Inc.’s Tim Cook is set to collect stock worth about $120 million this week thanks to a run-up in shares of the iPhone maker.

On Friday, Cook stands to receive 280,000 shares tied to his continued service as chief executive officer. He’ll get as many as 280,000 additional shares if Apple’s stock-market return over the preceding three years exceeds at least two-thirds of the firms in the S&P 500.