Apple’s CEO, Tim Cook, was among the highest-paid executives in the world last year: he earned a total of $98.7 million in salary and stock between September 2020 and September 2021 and other fees.
Apple’s annual statement filed with the Securities and Exchange Commission (SEC) indicates that Cook earned $82,347,835 in shares (including $44.8 million in equity-based bonuses) at a base salary of $3 million. Performance and 37.5 million in time-based equity premiums). However, none of these titles have yet been awarded.
Those figures are augmented by $12 million in non-equity incentives due to achieving Apple’s environmental and financial sustainability goals, and $1,386,559 in other compensation, including $712,488 in personal air travel (since 2017, Apple does not allow its CEO to take commercial flights for safety reasons), $630,630 in personal safety, a contribution of $17,400 to his retirement plan, $2,964 in life insurance premiums, and $23,077 in vacation reimbursements.
Cook earned $98.7 million in 2021, almost double the $14.8 million he earned in 2020, thanks to the $750 million in shares he was granted as part of a ten-year package he received when he took over the company.
Other Apple executives have earned salaries ranging from $26 to $27 million, including Luca Maestri, Kate Adams, Jeff Williams, and Deirdre O’Brien.
This week, Apple became the first publicly-traded company in the world to cross the $3 trillion market capitalization threshold. Apple announced record earnings for the fourth quarter of 2021 with revenues of $83.4 billion, up 29% from last year.
Although Cook earned huge earnings, he still ranked eighth among the highest-paid CEOs in the United States.