Apple’s new CEO gets a $3M salary and a $55M equity target

John Ternus will receive a $3 million base salary and a target equity award of $55 million for fiscal 2027, with 75% linked to Apple’s total shareholder return versus the S&P 500 and the remaining 25% vesting semi-annually over four years. Tim Cook will earn a $2 million salary as executive chairman and a fiscal 2027 equity award aimed at $45 million, resulting in total compensation of roughly $47 million, down from $74.3 million in fiscal 2025.