Apple's New CEO John Ternus to Receive $58 Million Compensation Package, Tied to S&P 500 Performance

Summary

Apple's new chief executive, John Ternus, will receive a $3 million salary and a $55 million stock award for fiscal 2027, with three-quarters of the equity vesting only if Apple's shareholder return surpasses the S&P 500. This compensation structure was revealed in an SEC filing, noting that Tim Cook, now executive chairman, will receive approximately $47 million.