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Apple CEO Tim Cook's 2023 compensation reduced by 40% to $49 million

By Davit Kirakosyan Apple's (NASDAQ:AAPL) Compensation Committee approved changes to CEO Tim Cook's compensation. Cook’s 2023 target total compensation is $49 million, representing...
Apple CEO Tim Cook's 2023 compensation reduced by 40% to $49 million © Reuters. Apple CEO Tim Cook's 2023 Compensation Reduced by 40% to $49 Million
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By Davit Kirakosyan

Apple's (NASDAQ:AAPL) Compensation Committee approved changes to CEO Tim Cook's compensation. Cook’s 2023 target total compensation is $49 million, representing a reduction of over 40% from his 2022 target total compensation.

The percentage of performance-based RSUs granted to Mr. Cook was increased from 50% to 75% of his 2023 target equity award and the percentage of his performance-based RSUs will be at least 75% of his target equity awards for future years.

Shares of Apple stock fell 27% last year.

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04-03-2024 15:09:27 (UTC+7)

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    EUR/USD 1.0856 ↑ Buy  
    GBP/USD 1.2679 ↑ Buy  
    USD/JPY 150.33 ↑ Sell  
    AUD/USD 0.6527 Neutral  
    USD/CAD 1.3560 Sell  
    EUR/JPY 163.20 ↑ Buy  
    EUR/CHF 0.9566 ↑ Buy  
    Gold 2,095.05 Sell  
    Silver 23.343 Sell  
    Copper 3.8777 ↑ Buy  
    Crude Oil WTI 80.03 Buy  
    Brent Oil 83.73 Buy  
    Natural Gas 1.886 ↑ Buy  
    US Coffee C 184.13 Neutral  
    Euro Stoxx 50 4,902.45 ↑ Buy  
    S&P 500 5,137.08 ↑ Buy  
    DAX 17,736.05 ↑ Sell  
    FTSE 100 7,674.00 ↑ Sell  
    Hang Seng 16,572.00 ↑ Buy  
    Small Cap 2000 2,076.39 ↑ Buy  
    IBEX 35 10,074.43 ↑ Buy  
    BASF 47.650 ↑ Sell  
    Bayer 28.40 ↑ Sell  
    Allianz 251.85 ↑ Buy  
    Adidas 186.47 ↑ Buy  
    Lufthansa 7.170 Sell  
    Siemens AG 181.35 Sell  
    Deutsche Bank AG 12.497 Neutral  
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