Apple reveals fiscal 2027 pay packages for Ternus and Cook
Apple just announced what its top executives will be earning next year.
John Ternus, the new CEO, is set to make about $58 million for fiscal 2027 (mostly from stock awards) with a $3 million salary, plus a prorated RSU worth about $2.5 million in fiscal 2026.
Tim Cook, now executive chairman after 15 years as CEO, will earn about $47 million as executive chairman for fiscal 2027, with a $2 million salary and the rest coming from stocks.
Ternus S&P linked, Cook RSUs retained
Ternus's stock awards are mostly tied to Apple's performance against the S&P 500, plus he gets an extra $2.5 million restricted stock unit for fiscal 2026.
Cook's package is unique: he can keep his RSUs even if he retires after one year, a change from his previous pay as CEO.
Half of Cook's stock awards depend on performance; the other half vests over four years.