Apple Gives Tim Cook $38 Million to Stay CEO Through 2025

This is Cook’s first major stock grant since 2011

Apple’s chief executive and newly-minted billionaire Tim Cook just got richer, as the company offered Cook roughly $40 million in stock options to continue his duties as CEO through 2025.

Apple reported in a Securities and Exchange Commission filing Sept. 29 that it awarded Cook 333,987 in stock options, which totals roughly $38 million based on Apple’s current stock price. The shares will begin vesting in 2023 and are tied to Cook meeting certain (undisclosed) performance goals at Apple.

Become a member to read more.
Samson Amore

Samson Amore

Technology and gaming reporter • samson.amore@thewrap.com • Twitter: @Samsonamore