John Ternus Salary Amount: Know How Much New Apple CEO Will Receive and What Tim Cook Will Get?
Apple has disclosed the compensation packages for new CEO John Ternus and executive chairman Tim Cook following the leadership transition. Ternus will receive an annual base salary of USD 3 million, alongside performance-based and time-based equity awards. Cook will also receive a new compensation package as he moves into his executive chairman role. Check amounts here.
Apple has filed regulatory documents outlining the financial compensation packages for its executive leadership transition. Newly appointed Chief Executive Officer John Ternus and outgoing chief Tim Cook have both been assigned structured remuneration frameworks for the coming fiscal cycle.
As per a report by Reuters, the company disclosed these figures in a US Securities and Exchange Commission filing, detailing the base pay and equity rewards accompanying the handover. Apple CEO John Ternus Launches Official X Account With 'Hello' Greeting.
John Ternus Salary Amount and Target Compensation
Incoming chief executive John Ternus will receive an annual base salary of USD 3 million. In addition to his base pay, Ternus was awarded a prorated restricted stock unit package valued at USD 2.5 million for the remainder of fiscal 2026. For fiscal 2027, Apple has approved an annual equity award target of USD 55 million, bringing his total target compensation package to approximately USD 58 million.Â
Regulatory terms specify that 75% of this equity grant is performance-based, tied to total shareholder return relative to the S&P 500, while the remaining 25% consists of time-based units.Â
Tim Cook Compensation Package as Executive Chairman
Transitioning into his new role as executive chairman, Tim Cook will receive an annual base salary of USD 2 million, effective September 26. Cook's total target compensation for fiscal 2027 is set at USD 47 million, which includes an approved equity award target valued at USD 45 million. John Ternus Officially Starts His Work As Apple CEO from Today.
This structure maintains substantial equity alignment as Cook shifts focus toward high-level corporate strategy, policymaking, and international trade relations.
(The above story first appeared on LatestLY on Sep 02, 2026 12:58 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
