Apple CEO Tim Cook dinner acquired a pay elevate within the expertise firm’s newest fiscal 12 months.
Cook dinner’s annual compensation package deal hit $74.6 million in fiscal 2024, in response to a regulatory submitting with the Securities and Trade Fee. That adopted Cook dinner receiving $63.2 million in general pay in fiscal 2023 and $99.4 million a 12 months earlier.
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For the newest fiscal 12 months, Cook dinner earned a $3 million base wage, the identical he acquired within the earlier two years, and one other $58 million in inventory awards.
His pay package deal for fiscal 2024 included $12 million in non-equity compensation and $1.52 million in different compensation.
That compares with fiscal 2023 when Cook dinner acquired $46.9 million in inventory awards, one other $10.7 million from non-equity compensation and $2.5 million in different compensation.
Moreover being measured by Wall Avenue for all-important iPhone gadget demand, buyers additionally look to key Apple revenues from its Apple TV+, Apple Music and iCloud choices. The tech behemoth can also be creating Apple Intelligence, or a man-made intelligence system for its iPhones and Mac pc merchandise.
In Oct. 2024, Apple reported its companies enterprise hit income of $24.97 billion within the firm’s fourth quarter, representing a brand new all-time excessive for the corporate.
Additionally in Apple’s SEC submitting on Friday, CFO Luca Maestri acquired an general pay package deal edging as much as $27.1 million for fiscal 2024, in comparison with a year-earlier $26.9 million. And Jeff Williams, COO, noticed his 2024 pay package deal additionally rise barely to $27.1 million in complete, towards a year-earlier $26.9 million.
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