San Francisco: Media reports said that Apple CEO Tim Cook’s earnings in 2021 as base salary, stock and other compensation amounted to $98.7 million.
According to a statement filed by Apple with the SEC, Cook earned a base salary of $3 million and was awarded a stock award of $82,347,835, MacRumors reports.
This stock award is the RSU that will vest over time, and includes $44.8 million in performance-based stock awards and $37.5 million in time-based stock awards.
None of this stock is vested yet, the report said.
Cook vested more than 5 million shares in 2021, giving him a total profit of $754 million. Because these were given in earlier years, $754 million does not count as part of their 2021 compensation package.
In addition to a $3 million salary and $82 million stock grant, Cook received $12 million in non-equity incentive plan compensation and $1,386,559 in “other” compensation.
Other compensation includes vacation pay of $23,077, $630,630 in security expenses, and $712,488 in personal air travel. Apple requires Cook to use a private airplane for security reasons.
In 2020, Cook earned a total of $14.8 million, not counting vested stock awards during that time. Cook’s net worth has exceeded $1 billion since 2020, and it could soon exceed that based on stock awards that have been awarded to him recently.
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