Top Apple execs earn nearly $22M each in vested stock

Posted:
in AAPL Investors
Apple's annual bonus structure paid out for seven top executives last week with the vesting of batches of restricted stock grants worth up to nearly $22 million.




Reported in U.S. Securities and Exchange Commission filings made public on Tuesday, Apple COO Jeff Williams, SVP of Worldwide Marketing Phil Schiller, SVP of Internet Software and Services Eddy Cue, SVP of Software Engineering Craig Federighi and SVP of Hardware Engineering Dan Riccio saw awarded stock grants vest on April 1.

Each executive gained batches of 40,954 and 36,108 common stock shares from Apple RSU incentive plans awarded on Oct. 17, 2014 and Oct. 5, 2015, respectively. Collectively, the shares were worth $13 million at the end of trading on Tuesday.

Cue, Riccio, Schiller and Williams received an additional 53,055 shares worth just under $9 million from an award granted on March 3, 2014.

Following standard operating procedures, Apple withheld 60,626 shares from awards received by Riccio and Schiller, 66,613 shares from Cue's award and 67,507 shares from Williams to satisfy tax laws. The company did the same for Maestri, Ahrendts and Federighi, withholding a respective 37,940, 38,834 and 39,248 shares.

As they did last year, Cue and Schiller shuffled a respective 63,670 and 69,491 shares to family trusts following last week's vesting.

Apple executives regularly benefit from the company's continued fiscal performance, often seeing their RSU awards fully vest, or effectively double. In 2016, however, Apple's top brass left some proverbial money on the table when the company finished in the 83rd percentile of companies listed on the S&P 500.

Comments

  • Reply 1 of 13
    SpamSandwichSpamSandwich Posts: 28,817member
    It's good to be the king!
    mac daddy zee
  • Reply 2 of 13
    65026502 Posts: 65member
    I'll add the obligatory "they're worth every penny" (even though they're not).
    mac daddy zeehammeroftruth
  • Reply 3 of 13
    yojimbo007yojimbo007 Posts: 846member
    6502 said:
    I'll add the obligatory "they're worth every penny" (even though they're not).
    Hurts to see Eddy riding the bandwagon .
    SpamSandwich
  • Reply 4 of 13
    6502 said:
    I'll add the obligatory "they're worth every penny" (even though they're not).
    Hurts to see Eddy riding the bandwagon .

    Why?
  • Reply 5 of 13
    macxpressmacxpress Posts: 4,091member
    6502 said:
    I'll add the obligatory "they're worth every penny" (even though they're not).
    Hurts to see Eddy riding the bandwagon .

    Why?
    Because all he does is suck money from Apple and doesn't do anything...
  • Reply 6 of 13
    dysamoriadysamoria Posts: 1,627member
    macxpress said:
    6502 said:
    I'll add the obligatory "they're worth every penny" (even though they're not).
    Hurts to see Eddy riding the bandwagon .

    Why?
    Because all he does is suck money from Apple and doesn't do anything...
    No executive's work is worth that amount of money.
  • Reply 7 of 13
    viclauyycviclauyyc Posts: 235member
    dysamoria said:
    macxpress said:
    6502 said:
    I'll add the obligatory "they're worth every penny" (even though they're not).
    Hurts to see Eddy riding the bandwagon .

    Why?
    Because all he does is suck money from Apple and doesn't do anything...
    No executive's work is worth that amount of money.
    But if any of these guys leave Apple and have a startup. Venture capital will throw down tens of millions into the new company before they know what the company will offer.
  • Reply 8 of 13
    fastasleepfastasleep Posts: 1,215member
    macxpress said:
    6502 said:
    I'll add the obligatory "they're worth every penny" (even though they're not).
    Hurts to see Eddy riding the bandwagon .

    Why?
    Because all he does is suck money from Apple and doesn't do anything...
    Prove it.
    equality72521
  • Reply 9 of 13
    lukeilukei Posts: 302member
    dysamoria said:
    macxpress said:
    6502 said:
    I'll add the obligatory "they're worth every penny" (even though they're not).
    Hurts to see Eddy riding the bandwagon .

    Why?
    Because all he does is suck money from Apple and doesn't do anything...
    No executive's work is worth that amount of money.
    dysamoria said:
    macxpress said:
    6502 said:
    I'll add the obligatory "they're worth every penny" (even though they're not).
    Hurts to see Eddy riding the bandwagon .

    Why?
    Because all he does is suck money from Apple and doesn't do anything...
    No executive's work is worth that amount of money.
    Jealousy is a terrible trait 
    fastasleepequality72521
  • Reply 10 of 13
    Good. 
  • Reply 11 of 13
    Mike McLaneMike McLane Posts: 2unconfirmed, member
    They are poster adults who support corrupt leadership which includes slave labor from many perspectives - especially the slave labor in a country that has no human rights - they also support the mega inequality in income and corruption within the leadership of the 1% in both business and politics here in the United States. All signs of people with bad character and most likely sociopathy/psychopathy mental disorders and illness. The slowing down of the batteries on their phones in hopes of ramping up sales of their new phone is only a small tip of the iceberg in deranged leadership that is never held accountable.  
  • Reply 12 of 13
    fastasleepfastasleep Posts: 1,215member
    They are poster adults who support corrupt leadership which includes slave labor from many perspectives - especially the slave labor in a country that has no human rights - they also support the mega inequality in income and corruption within the leadership of the 1% in both business and politics here in the United States. All signs of people with bad character and most likely sociopathy/psychopathy mental disorders and illness. The slowing down of the batteries on their phones in hopes of ramping up sales of their new phone is only a small tip of the iceberg in deranged leadership that is never held accountable.  
    Slave labor! What an outrage. 

    Maybe you should read this. 
    https://www.apple.com/supplier-responsibility/pdf/Apple_SR_2017_Progress_Report.pdf

    Apple is pretty active in continually improving their supplier responsibilities and workers’ rights. Do you see a lot of effort in this realm made by any of the other hundreds of companies that use the same suppliers that they do?

    They didn’t slow down batteries. The processors were slowed to prevent phones from randomly shutting off. The official explanation makes perfect sense unless you’re a knee-jerk reactionary. 
  • Reply 13 of 13
    kevin keekevin kee Posts: 821member
    They are poster adults who support corrupt leadership which includes slave labor from many perspectives - especially the slave labor in a country that has no human rights - they also support the mega inequality in income and corruption within the leadership of the 1% in both business and politics here in the United States. All signs of people with bad character and most likely sociopathy/psychopathy mental disorders and illness. The slowing down of the batteries on their phones in hopes of ramping up sales of their new phone is only a small tip of the iceberg in deranged leadership that is never held accountable.  
    Just because reporting a fake news is banned in this forum, it doesn't mean you will get a free pass by posting this narration. And we are not that stupid to take you seriously.
    fastasleep
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