Apple CEO Tim Cook's Income Rises Slightly in 2013 to $4.25 Million
According to a regulatory filing reported by Apple recently, Tim Cook was paid $4.25 million in 2013. This figure broke down as $1.4 million in salary and a further bonus of $2.8 million. Furthermore, Cook’s other compensation included $52,721 in company contributions to his 401(k) account, life insurance premiums and vacation cash-out.
Cook gave up roughly 7,100 shares tied to an annual performance-dependent reward, based on Apple shareholder returns between August 24, 2012 and August 25, 2013. This was the case because Apple’s stock lost a quarter of its value during that one year period, although the company did finish the year strongly. His compensation is pretty much in line with the $4.2 million he earned in 2012, although still not as good as the massive salary he made in 2011, when he took over running Apple. That year, Apple’s board gave Cook a sign-on grant of 1 million Apple shares, with his total compensation coming to $378 million.
Source: NBC News