Here’s how much salary Apple CEO Tim Cook took in 2021; check details

 

Apple corporate executive Tim Cook raked in quite a heap of pelf within the year 2021. Cook historian $3 million in salary, received stock awards price over $82 million, $12 million as compensation underneath the non-equity incentive arrange and $1.39 million in different compensation. The $1.39 million compensation includes $712,488 non-public jet travel, $630,630 for security, $23,077 for vacations, term life assurance premiums worth $2,964 and $17,400 contribution to his 401 (k) plan.

Mix all of this and Cook attracts a complete of over $98 million from the company. The Apple boss doesn't use airliners for jet-setting for work and private functions, since Apple have provided him a personal craft for security and potency reasons.

The price of Cook’s private aircraft is computed by factorization in hourly flight charges and variable prices like variable fuel charges, departure fees and landing fees. Apple corporate executive Tim Cook' earnings totaled $98.7 million in base pay, stock and different compensation in 2021, media reports said. In keeping with an announcement that Apple filed with the Securities and Exchange Commission (SEC), Cook attained a $3 million base salary, and he was supplied with a stock award of $82,347,835, reports MacRumors.

This stock award is RSUs which will vest over time, Associate in Nursing it includes $44.8 million in performance-based stock awards and $37.5 million in time-based stock awards. He has been spearheading the corporate since virtually ten years, and Cook conjointly received an equity award for the primary time ever since he was promoted to the post of a corporate executive in 2011.

“In 2021, we have a tendency to also marked the tenth day of remembrance of Tim Cook’s leadership as CEO. It's been an interesting decade for Apple, and in 2021 Cook was granted the Associate in Nursing equity award for the primary time since he was promoted to the corporate executive role in 2011,” Apple aforesaid in an SEC filing. On the business front, Apple rumored a thirty-three per cent year-on-year (YoY) growth in its income in FY21. The company’s net sales stood at $365.8 billion in FY21, compared to $274.5 billion in FY20 and $260.2 billion in FY19, respectively. Markets that contributed the foremost to Apple’s sales are Americas ($153.3 billion); Europe ($89.3 billion); larger China ($68.4 billion); Japan ($28.5 billion); and remainder of Asia-Pacific ($26.4 billion).

The merchandise that contributed a lion’s share to Apple’s rising income are iPhones ($192 billion); Macintosh ($35.2 billion); iPad ($31.9 billion); wearables, home and accessories ($38.4 billion); and services ($68.4 billion). The US-based school monument conjointly rumored a sixty-four per cent YoY growth in its operative financial gain in FY21. Apple’s operating income stood at $108.9 billion in FY21, compared to $66.3 billion in FY20 and $63.9 billion in FY19, respectively. None of this stock has unconditional as yet, the report said. Cook also had quite five million shares vest in 2021, netting him a complete of $754 million.

As a result of these were granted in earlier years, the $754 million doesn't count as a part of his 2021 compensation package. Additionally to the $3 million pay and $82 million stock grant, Cook received $12 million in non-equity incentive arrange compensation and $1,386,559 in "Other" compensation. Different compensation includes a $23,077 vacation payout, $630,630 in security expenses, and $712,488 in personal air travel. Apple needs Cook to use a personal plane for security reasons. In 2020, Cook attained a total of $14.8 million, not count stock awards that were unconditional throughout that point period. Cook' web price has climbed to quite $1 billion since 2020, and it's going to before long exceed that supported the stock awards he' recently been provided with.

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