Tim Cook Transitions to Executive Chairman Role at Apple With $2 Million Base Salary and $45 Million Equity...

Tim Cook has officially transitioned into his new role as Apple’s ($AAPL) executive chairman, locking in an annual base salary of $2 million effective September 26.
Key elements of his executive chairman compensation package include:
- Base Salary: Cook's salary adjusts to $2 million annually starting later this month.
- Equity Grant: He has been approved for a $45 million target annual stock award for fiscal 2027.
- Award Structure: The equity package is split evenly, with 50% tied to performance-based restricted stock units (RSUs) and 50% to time-based RSUs.