Apple Chief Executive Tim Cook saw a modest pay increase in 2018, the year the device-maker became the first American public company to achieve a trillion dollar market valuation.
Cook brought earned a total compensation package of $15.7 million, a sum that includes his $3 million salary, $12 million in non-equity compensation and $682,00 in “other compensation” (personal security services and use of a private aircraft).
On paper, all of Apple’s senior executives earn substantially more than Cook. CFO Luca Maestri, COO Jeff Williams and retail SVP Angela Ahrendts each collected compensation packages in excess of $26.5 million last year. General Counsel Kate Adams earned even more: $26.7 million.
But there’s another factor in Cook’s compensation: the vesting of 560,000 shares of Apple stock that he was awarded when he was named Apple CEO in 2011. That stock is valued at $121 million, though Apple notes Cook has not exercised those options.
Cook has said that he will be giving away the majority of his fortune through a systematic approach to philanthropy.
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