It’s good to be the CEO — Apple chief govt Tim Cook dinner was paid $98.7 million in 2021. That’s a mixture of a base wage, an incentive plan and different compensation, however the lion’s share is in Apple inventory.

Different prime Apple executives even have 8-figure annual compensation packages, if not wherever near Cook dinner’s.

Apple CEO Tim Cook dinner certain ain’t hurtin’ for money

In a submitting with the U.S. Securities and Trade Fee on Thursday, Apple wrote, “Our govt compensation program is designed to inspire and reward excellent efficiency in a simple, constant, and efficient manner, commensurate with Apple’s measurement, efficiency, and profitability.”

Cook dinner’s base pay for 2021 was $3 million, the identical it’s been for a number of years. Plus he obtained an annual money incentive of $12 million. He earned this as a result of Apple’s web gross sales and working revenue for the yr had been properly above targets that had been set by the board of administrators.

Different compensation got here in at $1.4 million. This contains $630,630 spent on Cook dinner’s safety. And (hilariously) $17,400 in 401(ok) contributions from the corporate.

However the massive quantity got here from inventory awards, which totaled $83.3 million for Apple’s CEO in 2021. The SEC submitting reveals he obtained no inventory awards in 2020 and 2019. But it surely’s not that easy: in 2020, Tim Cook dinner was awarded an enormous chunk of inventory choices which can start vesting in 2023.

Compensation for different Apple executives

Different prime Apple execs additionally bought substantial payouts in 2021 from wage, bonuses and inventory choices. The SEC submitting included the compensation packages for COO Jeff Williams, head of HR and Apple retail Deirdre O’Brien, CFO Luca Maestri, and Common Counsel and Secretary Kate Adams.

They usually all took in virtually precisely $27.0 million. The quantities for every individual aren’t similar however spherical to be the identical. These had been all comparatively slight will increase over the earlier yr.