INSUBCONTINENT EXCLUSIVE:
will increase to 75% in 2023 from 50%, as well as in future years, the company said in a regulatory filing Thursday
For 2022, Cook received compensation of $99.4 million, including $3 million in base salary, about $83 million in stock awards and a bonus
a majority of shareholders voted to approve it last year
million bonus as in 2022, as well as an equity award value of $40 million
His equity award value in 2022 was $75 million
Pay packages have gotten increasingly lavish, and 2021 was a record year for executive compensation, according to Bloomberg data.
But
shareholders have increasingly pushed back on such packages
performed during the pandemic, according to Mercer.
Apple also disclosed 2022 compensation for Chief Financial Officer Luca Maestri, General
year.
The Cupertino, California-based technology giant also announced that its annual shareholder meeting will take place virtually on March
10.
Apple shares declined 27% last year, though that was less of a drop than the one suffered by the tech-heavy Nasdaq Composite Index
