Apple CEO Tim Cook has been awarded company stock with a market value close to US$58 million, according to an SEC filing, as noted by Cult of Mac (http://tinyurl.com/nqmc4bf).
The award came with stipulations that Apple’s TSR performance had to be in the top third of S&P 500 companies. The company now ranks 46th, which meant Cook’s stock options were vested. If Apple had wound up in the middle of the S&P 500, Cook’s award would have been reduced to 50 percent, while a placement in the bottom third would have earned him nothing, notes Cult of Mac.
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