Apple amends CEO transition filing to disclose John Ternus, Tim Cook pay packages

AAPL•2026-09-01

Apple amended an April 20, 2026 CEO transition 8-K to add compensation terms tied to John Ternus becoming CEO on Sept. 1, 2026.
Ternus salary reset to USD 3 million; prorated fiscal 2026 RSU target value USD 2.5 million; fiscal 2027 equity target USD 55 million.
Fiscal 2027 equity mix set at 75% performance-based RSUs linked to S&P 500 relative TSR; 25% time-based RSUs vesting over four years.
Filing also disclosed Tim Cook’s pay package as incoming executive chair, effective Sept. 26, 2026.
Cook salary set at USD 2 million; fiscal 2027 equity target USD 45 million split 50% performance-based RSUs, 50% time-based RSUs.

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