22.06.2013 03:06 Uhr, Quelle: The Unofficial Apple Weblog

Apple Board of Directors modifies Tim Cook's 2011 stock award to be based on performance

According to a filing Apple made with the SEC on Friday, Apple's Board of Directors decided to adjust Tim Cook's compensation package as it pertains to his stock options. When Cook became the CEO of Apple in August 2011, he was awarded 1 million restricted stock units, half of which are scheduled to vest on August 24, 2016, with the other half slated to vest on August 24, 2021. Of course, in order to claim said shares, Cook must remain employed by Apple throughout each vesting date. With the updated SEC filing, Cook's stock compensation will now be based, in part, on the company's performance. Apple's SEC filing reads in part: In outreach discussions this year with many of our largest s

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