Bonuses

  Last week, Apple awarded its 6 senior executives 60 million dollars each in stock if they are staying in the firm through March 2016.

   Last Friday, Apple declared that it granted 150,000 restricted stock units to all the senior executives. At the end of the day Friday, those stock units were worth over 60 million dollar each.

As Apple shares worth 406.23 dollars today at the close of trading, which represents an increase of 6.50 (1.63%), the options of each senior executives were equivalent to:

406.23 x 150,000 = 60,934,500 Dollars.

If we assume that the 6 senior executives remain with the company, half of the shares will be theirs in June 2013, and the other half in March 2016.

Regarding the new CEO of Apple, Tim Cook, he was awarded by the Apple board of directors, in August, of one million shares that vest in 2015 and 2021, that is to say in 4 and 10 years. Today, at the close of trading, Tim Cook’s shares are worth:


 406.23 x 1,000,000 = 406,230,000 Dollars. 

http://www.tuaw.com/2008/07/21/apple-will-announce-q308-financial-results-today/