+ Reply
Results 1 to 4 of 4

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.


Thread: Apple’s Board of Directors Receive Restricted Stock Units

is a discussion within the

Mac News

forums, a part of the

General Apple/Mac

section;
Recent filings with the U.S. Securities and Exchange Commission on Thursday revealed that all members of Apple’s board of Directors, except for CEO Tim Cook, received 562 restricted stock units
...
  1. #1
    MMi Staff Writer Akshay Masand's Avatar
    Join Date
    Sep 2011
    Location
    New York City
    Posts
    3,899
    Thanks
    3
    Thanked 122 Times in 107 Posts

    Default Apple’s Board of Directors Receive Restricted Stock Units


    Recent filings with the U.S. Securities and Exchange Commission on Thursday revealed that all members of Apple’s board of Directors, except for CEO Tim Cook, received 562 restricted stock units as part of an automatic grant, with shares worth over $230,000 as of right now.

    It was noted in the filings that Arthur D. Levinson, Bill Campbell, Millard Drexler, Al Gore, Rogert Iger, Andrea Jung and Ronald Sugar all received 562 restricted stock units on Wednesday worth some $232,000 as of the day’s closing price. Such a filing did not exist for Apple CEO Tim Cook, who is also on the board.

    Based on the SEC transaction Form 4 documents, the restricted shares are part of an automatic grant as outlined in the 1997 Director Stock Plan, and will vest on February 1, 2014. It was also reported earlier that a notice regarding executive compensation was also posted on Apple’s website on February 6th. The notice briefly restated that board members’ retainers start at $50,000 per year. It also implemented a new corporate governance rule requiring top executive to hold company stock worth at least triple their base salary.

    Source: AppleInsider

    Twitter: @AkshayMasand

  2. #2
    iPhone? More like MyPhone
    Join Date
    Oct 2009
    Posts
    103
    Thanks
    2
    Thanked 3 Times in 2 Posts

    lol nice how everyone has a restiction but tim cook can do whatever the hell he wants....

    he sucks *** as a CEO he only cares about money i dont see apple going anywhere without jobs maybe the GS4 with make me drop my iPhone 5

  3. #3
    What's Jailbreak?
    Join Date
    Aug 2008
    Posts
    9
    Thanks
    1
    Thanked 3 Times in 3 Posts

    Quote Originally Posted by sheon View Post
    lol nice how everyone has a restiction but tim cook can do whatever the hell he wants....

    he sucks *** as a CEO he only cares about money i dont see apple going anywhere without jobs maybe the GS4 with make me drop my iPhone 5
    where did you read that they got a "restriction" except tim cook ???? they got restricted stocks, these are a type of market stocks, that means all board directors except Tim Cook, got more Apple Stocks and thus they have got richer (except tim cook). - Not that Tim Cook have been left behinde, as CEO he probably gets a bonus every year or something like that, idk.....
    Last edited by darkyoh; 03-01-2013 at 05:08 AM.

  4. #4
    Livin the iPhone Life
    Join Date
    Jul 2010
    Posts
    1,088
    Thanks
    46
    Thanked 35 Times in 29 Posts

    Quote Originally Posted by sheon View Post
    lol nice how everyone has a restiction but tim cook can do whatever the hell he wants....

    he sucks *** as a CEO he only cares about money i dont see apple going anywhere without jobs maybe the GS4 with make me drop my iPhone 5
    ... Honestly? You have no idea what you are talking about. 10/3s of Tim cooks stocks are restricted! As are most of the apple executives, I say 10/3s because he has promised stocks but he only gets them if he stays with apple and if he doesn't sell, the restrictions for gifted stocks are endless! So so naive

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts