Apple CEO John Ternus receives $3M salary and $55M target equity award

Apple's new CEO John Ternus will receive a $3 million base salary along with a fiscal 2027 equity award targeted at approximately $55 million, according to a regulatory filing.
The compensation package reflects the scale of the leadership transition at $AAPL following Ternus's move into the chief executive role.
As with most executive packages, the ultimate value of the equity component will depend on vesting conditions and Apple's share performance.