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Apple Executives Receive Stock Worth Up to $22 Million as RSUs Vest

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Seven Apple executives this week received major stock awards after restricted stock units or RSUs awarded in 2014 and 2015 vested.

Apple issues RSUs to its executives as bonus compensation, with the restricted units vesting after a set period of time as long as the employee stays with the company.

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Phil Schiller, Dan Riccio, Jeff Williams, and Eddy Cue all received 130,117 shares, worth more than $22 million at Apple's current price per share. Luca Maestri, Angela Ahrendts, and Craig Federighi all received ~77,000 shares.

Shares received by each were originally awarded on March 3, 2014; October 17, 2014; and October 5, 2015, with Riccio, Williams, Cue, and Schiller receiving stock from all three dates and Maestri, Ahrendts, and Federighi receiving stock from the October awards. The March 2014 award has now fully vested for employees who received it, while employees who received the other two rewards will see additional shares vest on April 1, 2019 and April 1, 2020.

A portion of each award was withheld by Apple to satisfy tax withholding requirements on vesting of restricted stock units.

Tag: Stock

Top Rated Comments

timborama Avatar
timborama
104 months ago
I hope Eddy got the lion's share of it. Apple is nothing without Mr Cue.
Thanks for the comment Mrs. Cue. :rollseyes:
Score: 10 Votes (Like | Disagree)
Blackstick Avatar
Blackstick
104 months ago
I’m amazed how many people here most likely earning less than $150k are defending the insane compensation these folks get. They don’t do the work at all, not even their VPs do much. It’s their directors, senior managers, line managers and Team Leaders getting their individual contributors to move the needle and keep the gears moving.
Score: 6 Votes (Like | Disagree)
Naraxus Avatar
Naraxus
104 months ago
Good for them, they certainly earn it.
Please tell me what Eddy does and has done that is worth anywhere CLOSE to $5 much less 22 million.
Score: 6 Votes (Like | Disagree)
69650 Avatar
69650
104 months ago
The gravy train continues. Not one of them have earned this reward.
Score: 5 Votes (Like | Disagree)
826317 Avatar
826317
104 months ago
Can you really say that 1 person is important enough for a corporation that they deserve $22 million in bonus shares?
Score: 5 Votes (Like | Disagree)
Blackstick Avatar
Blackstick
104 months ago

And my husband has seen many of these opportunists get their karma. They tend to flame out spectacularly in their business and personal lives. There’s only so much scum your bosses, coworkers, spouses and children can take.
No doubt there are plenty of executives who made the sacrifices and poured blood/sweat and tears into their careers, but just as many that mostly Forrest Gumped their way to the highest level of (in)competence they could muster and pretty much coast on gigantic salaries.

Some of the cleverer ones randomly switching from CIO to CTO to C?O at neighboring local firms and then shuffling back and forth every few years until early retirement.

Systemically, in corporate America but Silicon Valley especially, we've got a 90/10 income divide where flawed humans that all eat/breathe/sleep do similar levels of work with similar levels of education and may assume similar levels of stress, yet some earn 2-20 times as much because they took slightly different turns at the forks in the road. Too often, luck is the determining factor. We have one C-level executive who burned bridges with 15 other VPs/directors and stepped on their necks to get where she needed to get - slept with someone's husband too... it's ugly business but I'm not sure if that keeps her up at night in her $7 million beach front home, or if it's the 20 year old pool guy doing that.
Score: 3 Votes (Like | Disagree)
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