Cook was paid nearly $100 million last year and received his first equity prize in a decade as Ceo of Apple

For the first time, Cook received an equity prize since he was promoted to CEO.

On January 6, local time, according to Apple's shareholder power of attorney filed with the U.S. Securities and Exchange Commission, Apple CEO Tim Cook's total compensation last year was $98.73 million (about 630 million yuan), of which $82.35 million was equity awards, which was the first time Cook received equity awards since he was promoted to CEO in August 2011.

Cook's base salary for 2021 is $3 million, equity-based rewards are $82.35 million, non-equity incentive compensation is $12 million, and other compensation is $1.39 million, the documents show. Due to the lack of stock incentives before, Cook's salary totaled $14.77 million in 2020 and $11.56 million in 2019.

Screenshot of the file

The $82.35 million stock award is restricted and will be progressively cashed out, including $44.85 million in performance stock awards and $37.5 million in tenure stock awards, according to the documents.

Other compensation for Cook's $1.39 million includes $17,000, $0.3 million in term life insurance premiums under the 401(k) plan, $23,000 in vacation expenses, $630,000 in security costs, and $710,000 in personal air travel expenses. For safety reasons, Apple has required Cook to travel by private jet on all business events and personal travel since 2017.

Other Apple executives, including Luca Maestri, senior vice president and chief financial officer; Kate Adams, senior vice president, general counsel and secretary of legal affairs; Deirdre O'Brien, senior vice president, retail and people, and Jeff Williams, chief operating officer, each received more than $26 million in compensation.

According to the documents, Apple's revenue and operating profit for the fiscal year ended September 25, 2021, were $365.8 billion and $108.9 billion, respectively, up 33% and 64% year-on-year, hitting record highs.

On January 3, Apple stock rose sharply on the first day of the new year's market, and Apple became the only company in the world with a market value of more than $3 trillion.

According to Xinhua, Apple's market capitalization exceeded $1 trillion for the first time in August 2018 and more than $2 trillion in August 2020.

As of the 6th U.S. stock close, Apple (APPLE) closed at $172, down 1.67%, with a market value of $2,821.9 billion, up more than 0.45% after hours.