Apple’s new CEO gets a $3M salary and a $55M equity target
John Ternus will receive a base salary of $3m a year as Apple’s chief executive, roughly 5% of what the company is targeting for his total compensation. The rest is equity, according to a regulatory filing on Tuesday, the same day he took over the role.
His fiscal 2026 stock award is prorated to $2.5m for the weeks remaining in the year. For fiscal 2027, his annual equity award has a target value of $55m, although how much he actually receives will depend on his performance.
Three-quarters of that award is tied to Apple’s total shareholder return relative to other S&P 500 companies. The remaining quarter vests over time, with 12.5% paid every six months over four years.
That structure is more interesting than the headline number. Ternus is being measured on whether Apple outperforms the index, rather than simply whether its share price rises.
If the broader market...
Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE
