$100 million stock grant offered by Apple CEO

Apple manager Tim Cook this week got his first significant stock award since 2011, when he took over from the late Steve Jobs, taking $38.1 million worth of offers just as the alternative to acquire a sum of $114 million at the stock’s present cost.

“Without precedent for almost 10 years, we are granting Tim another stock award that will vest after some time in acknowledgment of his extraordinary administration and with incredible confidence for Apple’s future as he conveys these endeavors forward,” Apple’s load up said in an announcement.

The underlying award comes as a little more than 333,000 offers, Apple said in a SEC documenting, and Cook will have the chance to acquire 667,000 more, which would carry the all out honor to a hair more than 1 million offers.

Cook’s present 10-year award from 2011 closures one year from now, and the new units will get done with vesting in 2025, recommending that Cook’s residency will broaden well into the new decade.

The 59-year-old leader’s total assets passed the $1 billion imprint recently on account of Apple’s stratospheric stock development, which saw its total assets twofold from $1 trillion to $2 trillion in only two years.

That places Cook in an uncommon gathering of extremely rich person CEOs who didn’t begin the organizations they lead. The club likewise incorporates previous Microsoft CEO Steve Ballmer, who was with the organization from 1980 to 2014 and is the world’s ninth-most extravagant individual with a total assets of $71 billion.

Cook has recently promised to give his Apple fortune to good cause.

 

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