Apple CEO John Ternus Receives $58 Million Compensation Package for Fiscal 2027
On September 1, Apple announced the compensation package of its new Chief Executive Officer, John Ternus. The total target compensation is approximately $58 million in fiscal 2027, including a base salary of $3 million and an equity award valued at $55 million. Additionally, he received a prorated RSU grant worth $2.5 million for his partial-year service as CEO in fiscal 2026. Tim Cook's compensation was also disclosed following his transition to executive chairman. His total target pay is around $47 million annually, including a base salary of $2 million and an equity award of $45 million. Both Ternus’s and Cook’s equity awards are partially performance-based against the S&P 500 index. The announcement highlights Apple's leadership transition process that began in April after years of succession planning. The company is preparing for a major product launch on September 9, expected to include new iPhones, Apple Watches, and an updated Siri voice assistant.
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Topics: Apple compensation equity awards John Ternus Tim Cook